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Table 27.1 -Use the Table 27.1 to Answer the Following Question.. Suppose

Question 33

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Table 27.1 -Use the Table 27.1 to answer the following question.. Suppose the expenditure multiplier is 3. What impact on equilibrium output will there be by an increase in the interest rate from 6% to 9%, ceteris paribus? Table 27.1
-Use the Table 27.1 to answer the following question.. Suppose the expenditure multiplier is 3. What impact on equilibrium output will there be by an increase in the interest rate from 6% to 9%, ceteris paribus?

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Equilibrium output will decrease by $120...

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