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    Economics Principles and Policy Study Set 1
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    Exam 27: Bringing in the Supply Side: Unemployment and Inflation
  5. Question
    When Price Level Is Considered, the Value of the Multiplier
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When Price Level Is Considered, the Value of the Multiplier

Question 179

Question 179

Essay

When 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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