Question
When the economy is in a recession, the government will want to increase output. If the multiplier equals 2.5 and the government increases spending by
When the economy is in a recession, the government will want to increase output. If the multiplier equals 2.5 and the government increases spending by 331, how much will output increase by?
Please calculate the final answer to one decimal.
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
