MACROECONOMICS
14th Edition
ISBN: 9781337794985
Author: Baumol
Publisher: CENGAGE L
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Question
Chapter 11.A, Problem 2DQ
To determine
To describe: The advantages and disadvantages of high or low impact of multiplier.
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Give an example of any factor that influences the size of the multiplier?
Give an example of any factor that influence the size of the multiplier
Which best describes why the multiplier exist
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- There might be many factors (economic and non-economic) that affect the size of the multiplier. What are some that you think could influence its size? Which ones do you think would make it larger, and which are more likely to make it smaller?arrow_forwardWhat is the minimum value of multiplier?arrow_forwardWhat is the definition for the multiplier processarrow_forward
- When price level is considered, the value of the multiplier will be less than that suggested by the over simplified version of multiplier. Why?arrow_forwardWhat is the value of multiplier?arrow_forwardWhat is meant by multiplier?Why shoul the value of multiplier rise when people spend more on consumption?arrow_forward
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