According to the macroeconometric model developed by Data Resources Incorporated, the response of GDP four quarters after an increase in government spending, with the nominal interest rate held constant, will be ______ the response of GDP to a similar change with the money supply held constant.
A) less than half as great as
B) approximately equal to
C) more than two times as great as
D) more than three times as great as
Correct Answer:
Verified
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Exhibit:
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