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    Principles of Macroeconomics Study Set 11
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    Exam 8: Aggregate Expenditure and Equilibrium Output
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    Assume a Hypothetical Economy Where All Income Is Consumed
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Assume a Hypothetical Economy Where All Income Is Consumed

Question 19

Question 19

Essay

Assume a hypothetical economy where all income is consumed. Theoretically what is the value of the income multiplier in this case?

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The income multiplier would be...

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