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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 27
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
Verified
Verified
The multiplier is given as the...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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