Question
Suppose MPS=0.52 and MPI=0.28 18.What is the spending multiplier? 19.What is the level of real GDP if the government increases spending by 550 million dollars?
Suppose MPS=0.52 and MPI=0.28
18.What is the spending multiplier?
19.What is the level of real GDP if the government increases spending by 550 million dollars?
20.What is the level of real GDP if the government decreases spending by 300 million dollars?
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Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
0324537115, 9780324537116
