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Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279 تمرين 12
Use the following data to work Problem.
Suppose that the economy is at full employment, the price level is 100, and the multiplier is 2. Investment increases by $100 billion.
a. In the long run, does real GDP increase by more than, less than, or the same amount as the immediate increase in the quantity of real GDP demanded
b. Explain how the price level changes in the long run.
Suppose that the economy is at full employment, the price level is 100, and the multiplier is 2. Investment increases by $100 billion.
a. In the long run, does real GDP increase by more than, less than, or the same amount as the immediate increase in the quantity of real GDP demanded
b. Explain how the price level changes in the long run.
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Assume that the economy is at full emplo...
Macroeconomics 12th Edition by Michael Parkin
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