In the basic Keynesian model,a $1 billion decrease in autonomous consumption leads to ________ in short-run equilibrium output.

Name: In the basic Keynesian model,a $1 billion decrease in autonomous consumption leads to ________ in short-run equilibrium output.
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In the Keynesian model, a decrease in autonomous consumption leads to a multiplied decrease in equilibrium output due to the multiplier effect, resulting in a decrease of more than $1 billion.

In the Basic Keynesian Model,a $1 Billion Decrease in Autonomous