3. Assume that the multiplier on $1,200 payments that were made universally to all adults (regardless of

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3. Assume that the multiplier on $1,200 payments that were made universally to all adults (regardless of their employment status) was 0.5. If $300 billion was budgeted for these payments 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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