Question
C = $100 + 0.8 Yd, I o = $100, G o = $100, t = 10% a.Equilibrium national income, Ye = _____ simple multiplier,
C = $100 + 0.8 Yd, Io = $100, Go = $100, t = 10%
a.Equilibrium national income, Ye = _____ simple multiplier, k= _____
Show all of your work below before starting the next question.
b.How was the value of the simple multiplier affected by a rise in government spending from Go = 0 to Go = $100?
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Contemporary Advertising
Authors: William F Arens
16th Edition
1260735419, 9781260735413
