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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 27
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.
Are the values of the multipliers in the short run and the long run larger or smaller than 2?
Suppose that the economy is at full employment, the price level is 100, and the multiplier is 2. Investment increases by $100 billion.
Are the values of the multipliers in the short run and the long run larger or smaller than 2?
Explanation
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However, in the short run, price level w...
Macroeconomics 11th Edition by Michael Parkin
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