8 It takes time for the secondary effects of the multiplier to be felt. It is usually...

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8 It takes time for the secondary effects of the multiplier to be felt. It is usually thought that approximately one half of the multiplier effect will be felt during the first six months after an independent change in spending.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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