How would the size of the multiplier affect the slope of the IS curve? (Hint: In the 45-line diagram, how does the multiplier affect the
How would the size of the multiplier affect the slope of the IS curve? (Hint: In the 45°-line diagram, how does the multiplier affect the change in the equilibrium level of real GDP for a given change in the real interest rate?)
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Authors: R Glenn Hubbard ,Anthony Patrick O'Brien
1st Edition
013255352X, 978-0132553520
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