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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 2
Suppose the spending multiplier is 1.6. The government boosts spending by $5 billion. How much does GDP rise or fall?
Explanation
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When the government spending increases o...
Economics: The Basics 1st Edition by Mike Mandel
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