Define the multiplier. In economic terms, why is the multiplier greater than one?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:38 AM

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Define the multiplier. In economic terms, why is the multiplier greater than one?

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The multiplier tells us the effect of a oneunit increase i...View the full answer

Principles of Economics

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