Respond to and answer the following scenarios and questions:
A. In your own words, explain the concept of the multiplier.
B. Approximately 1,500 out-of-town epidemiologists attended
their annual convention in June of 2017. It was the largest
convention ever held in the city of Boise. The average amount spent
by an out-of-town convention attendee is $280 dollars per day.
Assume the convention lasts 3 days, and the marginal propensity to
consume is .50. How much will businesses in Boise benefit...