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QUESTION 1 The government spending multiplier may be defined as the magnitude of the change in national economic output (GDP) following a change in fiscal

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QUESTION 1 The government spending multiplier may be defined as the magnitude of the change in national economic output (GDP) following a change in fiscal policy. O True O False QUESTION 2 The multiplier, as estimated by various studies, has been found to be stable at 1 across time, across different monetary policy regimes, and across different phases of the business cycle. O True False

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