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Suppose that the government shuts down for a week. Provide an estimate on what is the impact on GDP (Y ) of this shutdown. Use
Suppose that the government shuts down for a week. Provide an estimate on what is the impact on GDP (Y ) of this shutdown. Use the following data. You know that G is about 1/6 of Y . And you also know that shutting down the government impacts about 20 percent of G
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