Question
Consider the following macro model with demand-determined output: C = 100 + (0.9)YD, I = 450, G = 800, T = (0.1)Y, X = 30,
Consider the following macro model with demand-determined output: C = 100 + (0.9)YD, I = 450, G = 800, T = (0.1)Y, X = 30, IM = (0.06)Y.The simple multiplier is
A) 1.06
b) 1.75
C) 1.81
D)3.5
e)4
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
