List and describe limitations of the accelerator.
-State some of the simplifying assumptions used to develop the multiplier. Explain what happens if the assumptions do not hold.
Correct Answer:
Verified
Q11: List and describe limitations of the multiplier.
-What
Q12: Explain how a given increase in aggregate
Q13: Explain how a given increase in aggregate
Q14: Discuss the impact of the accelerator and
Q15: Discuss the impact of the accelerator and
Q17: List and describe limitations of the accelerator.
-Explain
Q18: The multiplier effect
A) measures how much a
Q19: What is the government multiplier?
A) It measures
Q20: Assume that government spending increases by $1
Q21: Assume that Sam's marginal propensity to consumer
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