Suppose that between 2004 and 2005 spending in the country of Cortania decreases from $14800.00 to $14240.00. This change in spending of $-560.00 ($14240.00 - $14800.00) led to a change in income of $-504.00.
Calculate the expenditure multiplier:____
Does this example support the rule of the "expenditure multiplier" from Keynesian economics?
O Yes
O No