However, on the right side of the table, the $10 billion reduction in transfers has no effect

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However, on the right side of the table, the $10 billion reduction in transfers has no effect on real GDP in round 1 but does lower YDby $10 billion, resulting in a decrease in consumer spending of $6 billion in round

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Nov 18, 2024 04:02 AM

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However, on the right side of the table, the $10 billion reduction in transfers has no effect

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Economics

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