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If the multiplier of an open private economy equals 5, a $ 20 billion increase in net exports will result in: Select one: to. an
If the multiplier of an open private economy equals 5, a $ 20 billion increase in net exports will result in:
Select one:
to. an increase of $ 20 billion in the level of real GDP.
b. a reduction of $ 4 billion in the level of real GDP.
c. an increase of $ 100 billion in the level of real GDP.
d. a reduction of $ 100 billion in the level of real GDP.
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