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Can you please explain how we solve this? Refer to Table 12.1. Suppose the expenditure multiplier is 5 and the initial interest rate is 12%.A
Can you please explain how we solve this?
Refer to Table 12.1. Suppose the expenditure multiplier is 5 and the initial interest rate is 12%.A move to what interest rate will increase equilibrium output by 400 billion?
A) 3%
B) 6%
C) 9%
D) 18%
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