Question
If a spending shock reduces aggregate expenditure by $600 million and the multiplier is 2.5, then the IS curve will shift: Group of answer choices
If a spending shock reduces aggregate expenditure by $600 million and the multiplier is 2.5, then theIScurve will shift:
Group of answer choices
right by $240 million.
left by $1,500 million.
left by $600 million.
right by $600 million.
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
