Why is the multiplier only a short-run influence on GDP?

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:05 AM

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Why is the multiplier only a short-run influence on GDP?

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The multiplier has only a shortrun influence on real GDP because in the long run the mon...View the full answer

Macroeconomics Canada in the Global Environment

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