1.7. A rise in planned investment spending by $100 billion at the same time that autonomous consumer...
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1.7. "A rise in planned investment spending by $100 billion at the same time that autonomous consumer expendi- ture falls by $50 billion has the same effect on aggre- gate output as a rise in autonomous consumer expenditure alone by $50 billion." Is this statement true, false, or uncertain? Explain your answer.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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