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Provide a justification why each of the following would cause the value of the multiplier to be larger or smaller (i). An increase in imports
Provide a justification why each of the following would cause the value of the multiplier to be larger or smaller
(i). An increase in imports [0.5 marks]
(ii). An increase interest rates. [0.5 marks]
(iii). An increase in marginal propensity to consume. [0.5 marks]
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