Explain the logic behind the finding that variable imports reduce the numerical value of the multiplier

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Sep 01, 2012 02:45 AM

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Explain the logic behind the finding that variable imports reduce the numerical value of the multiplier

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Variable imports imply that consumer spending on imports will change when incom...View the full answer

Macroeconomics Principles And Policy

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