What is the balanced-budget multiplier? Explain why the balanced-budget multiplier is equal to 1.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 07:11 AM

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What is the balanced-budget multiplier? Explain why the balanced-budget multiplier is equal to 1.

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The balancedbudget multiplier is the ratio of the change in the equilibrium leve...View the full answer

Principles of Macroeconomics

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