Go to www.fgn.unisg.ch/eurmacro/Tutor/ keynesiancross.html. Make sure the following settings are used: t = 0, G = 200;
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Go to www.fgn.unisg.ch/eurmacro/Tutor/ keynesiancross.html. Make sure the following settings are used: t = 0, G = 200; c = 0.8, and m = 0.0. Click on the memorize button. Note the value of equilibrium output. Now decrease G by 50. What is the value of equilibrium output? What is the implied multiplier
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After decreasing G by 50the equilibrium output decreases from 1000 to 750The i...View the full answer
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Related Book For 
The Economics Of Money Banking And Financial Markets
ISBN: 9780321584717
4th Canadian Edition
Authors: Frederic S. Mishkin, Apostolos Serletis
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