Keep everything the same as in Test Yourself Question 4 except change investment to I = $1,100.
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Figure
Transcribed Image Text:
FIGURE Illustration of the Multiplier 45 C+ I+G+(X-IM) C+G+(X-IM) E1 | S200 billion Eo 6,000 6,800 Real GDP
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Y C I G X IM C 300 075DI C 300 075Y 1200 C 300 075Y 900 C 600 075Y Y 600 075Y 1100 ...View the full answer
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Related Book For
Macroeconomics Principles And Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
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