Choose the statement that is incorrect. A. The government expenditure multiplier is the quantitative effect of a change in government expenditure on real GDP.
B. The​ demand-side effects of a tax cut are likely to be larger than an equivalent increase in government expenditure.
C. The tax multiplier is the quantitative effect of a change in taxes on real GDP.
D. The consensus is that the​ crowding-out effect is strong enough to make the government expenditure multiplier less than 1.