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When is the multiplier smallest? ( 2 points ) a ) When the economy is producing at potential output b ) When the economy is

When is the multiplier smallest? (2 points) a) When the economy is producing at potential output b) When the economy is in a deep recession c) When the economy is producing as much as it possibly can d) The multiplier will be the same size no matter what condition the economy is in e) None of these are true

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