2. Assume that the multiplier on payments to hospitals as well as state and local governments was...

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2. Assume that the multiplier on payments to hospitals as well as state and local governments was 0.75. If $300 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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