2. Redraw Figures 12.11a and 12.11b to illustrate the effects on the resulting equilibrium level of income

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2. Redraw Figures 12.11a and 12.11b to illustrate the effects on the resulting equilibrium level of income from each of the following changes:

a. A greater sensitivity of interest-related consumption and investment expenditure to changes in the interest rate.

b. A larger multiplier in the aggregate expenditure model.

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Economics For Managers

ISBN: 9781292060095

3rd Global Edition

Authors: Paul Farnham

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Question Posted: Nov 13, 2024 08:01 AM

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2. Redraw Figures 12.11a and 12.11b to illustrate the effects on the resulting equilibrium level of income

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Economics For Managers

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