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Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
Edition 18ISBN: 9780077354237 Exercise 15
If the spending-income multiplier is 4 in the economy depicted, an increase in the money supply from $125 billion to $150 billion will:
A) shift the aggregate demand curve rightward by $20 billion.
B) increase real GDP by $25 billion.
C) increase real GDP by $100 billion.
D) shift the aggregate demand curve leftward by $5 billion.
A) shift the aggregate demand curve rightward by $20 billion.
B) increase real GDP by $25 billion.
C) increase real GDP by $100 billion.
D) shift the aggregate demand curve leftward by $5 billion.
Explanation
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Verified
When there is increase in money supply f...
Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue
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