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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 3
Charlie Black, a GOP strategist, was once quoted as stating, "I can't tell you why this happens, but there's a lag time (before people tune into good economic news)." What is the effect of this delay in the adjustment of expectations by consumers on the dynamics of the multiplier model?
Explanation
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Aggregate expenditure AE is sum of consu...
Macroeconomics 8th Edition by David Colander
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