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Suppose an economy is initially at equilibrium of $ 1,600 billion and investment increasesby $20 billion. If the economy now expands to $2,400 billion, determine
Suppose an economy is initially at equilibrium of $ 1,600 billion and investment increasesby $20 billion. If the economy now expands to $2,400 billion, determine the multiplier.
2400 billion - 1600 billion =800 million
800 million /20 billion is 0.04
fisrt person who worked the question got 40
please expand
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