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Define the term multiplier and explain, in detail, how it is computed. Provide an example where you take the reader through a few 'rounds' of
Define the term multiplier and explain, in detail, how it is computed. Provide an example where you take the reader through a few 'rounds' of additional spending generating additional income, and that income causing more consumption spending, etcetera. Then explain why the multiplier will be smaller if people saved rather than spent their stimulus checks.
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