Arrange the following steps in the correct order to explain the process of the multiplier effect:

A) Autonomous spending increases.
B) National income increases as a result of increased consumption.
C) An increase in consumption leads to a further increase in national income.
D) The cycle continues, magnifying the effect of the initial increase in spending.

1
 A – B – C – D
2
 D – C – B – A
3
A – C – B – D
4
 B – A – D – C

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