1. Assume that the multiplier on payments to people who are unemployed was 0.75. If $250 billion...

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1. Assume that the multiplier on payments to people who are unemployed was 0.75. If $250 billion was budgeted for these programs in the CARES Act, what was the associated increase in GDP?

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Macroeconomics

ISBN: 125389

3rd Global Edition

Authors: Daron Acemoglu ,David Laibson ,John List

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Question Posted: Nov 19, 2024 06:00 AM

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1. Assume that the multiplier on payments to people who are unemployed was 0.75. If $250 billion was budgeted for these programs in the CARES Act, what was the associated increase in GDP?
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1. Assume that the multiplier on payments to people who are unemployed was 0.75. If $250 billion...

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Macroeconomics

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