In a closed economy with no government, explain why saving must equal planned investment in equilibrium.
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Q199: An increase in the marginal propensity to
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Q201: Define equilibrium as the term is used
Q202: Define the multiplier and identify the variable(s)
Q203: Suppose that planned expenditure is less than
Q205: Assume that consumption is represented by the
Q206: Explain what effect an increase in the
Q207: In an open economy with government spending,
Q208: Explain how the multiplier process works if
Q209: What is the balanced- budget multiplier?
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