Due to the post pandemic changing scenario there is an economic slowdown, and the only solution is
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Question:
Due to the post pandemic changing scenario there is an economic slowdown, and the only solution is to boost the economy by infusion. The federal government decided to infuse $ 400000 into the economy for a period of time and see the rolling effect. Calculate the multiplier effect and find out the real GDP change if the multiple propensities to consume is 0.6?
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