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Assume that a macroeconomy is described by the following behavioral equations C =200+0.8 YD I =120 G =140 T =100 where YD is the disposable
Assume that a macroeconomy is described by the following behavioral equations
C=200+0.8YD
I=120
G=140
T=100
whereYDis the disposable income.
Q: What isthe income multiplier for changes in?
I have no idea how you work out the income multiplier
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