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Mathematics, 31.03.2021 06:10 zakariahassan3482
Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment spending initially rises by $20 billion for every 1 percentage point fall in the real interest rate. Also assume that the economy’s multiplier is 3.
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Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household w...
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