Question
In the Keynesian income-expenditure model, explain the effect of a. An increase in exports on PAE b. An increase in imports on PAE in your
In the Keynesian income-expenditure model, explain the effect of
a. An increase in exports on PAE
b. An increase in imports on PAE
in your answer, carefully show and explain why and how these changes effect the PAE. (Note:you are not expected to explain the new equilibrium GDP, just PAE)
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Public Administration And Law
Authors: David H Rosenbloom, Rosemary O'Leary, Joshua M Chanin
3rd Edition
1439803986, 9781439803981
