Question
if a $191 increase in investment spending creates $191 of new income in the first round of the multiplier process an $96 in the second
if a $191 increase in investment spending creates $191 of new income in the first round of the multiplier process an $96 in the second round, what is the multiplier in this economy? round to the nearest second decimal.
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Capital In The Twenty-First Century
Authors: Thomas Piketty, Arthur Goldhammer
1st Edition
067443000X, 9780674430006
