Question
An economy has a consumption function of C = 10 + 0.8Y, investment of 6, government expenditure of 10, exports of 10, and an import
An economy has a consumption function of C = 10 + 0.8Y, investment of 6, government expenditure of 10, exports of 10, and an import function of M = 0.1Y. What is the multipler?
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Leading and Collaborating in the Competitive World
Authors: Thomas S Bateman, Scott A Snell, Robert Konopaske
13th edition
1259927644, 1259927645, 978-1260194241
