Question
Why might a large value for the multiplier make an economy less stable? A) Any change in real GDP has a small effect in autonomous
Why might a large value for the multiplier make an economy less stable?
A) Any change in real GDP has a small effect in autonomous expenditure.
B) Any change in real GDP causes a large change in autonomous expenditure.
C) Any change in autonomous expenditure has a small effect on real GDP.
D) Any change in autonomous expenditure causes a large change in real GDP.
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Money Banking And The Financial System
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
3rd Edition
134524063, 9780134524573, 978-0134524061
