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    Economics Principles and Policy Study Set 2
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    Exam 26: Bringing in the Supply Side: Unemployment and Inflation
  5. Question
    When the Price Level Is Considered, the Value of the Multiplier
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When the Price Level Is Considered, the Value of the Multiplier

Question 29

Question 29

Essay

When the price level is considered, the value of the multiplier will be less than that suggested by the oversimplified version of multiplier.Why?

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As long as the aggregate supply curve sl...

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