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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 8
If a $50 billion initial increase in spending leads to a $250 billion change in real GDP, how big is the multiplier?
A) 1.0.
B) 2.5.
C) 4.0.
D) 5.0.
A) 1.0.
B) 2.5.
C) 4.0.
D) 5.0.
Explanation
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Verified
The multiplier is given as the...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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