3. When resources are idle, each round of additional spending generated by the multiplier will expand real
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3. When resources are idle, each round of additional spending generated by the multiplier will expand real output and employment. When there are few idle resources, the increased spending will be inflationary.
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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