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If the multiplier had a value of 4 in 1929, how large must the change in autonomous

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If the multiplier had a value of 4 in 1929, how large must the change in autonomous expenditure have been to have caused the decline in real GDP between 1929 and 1933 shown in the table on page 799? If the multiplier had a value of 2, how large must the change in autonomous expenditure have been?
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From 1929 to 1933 real GDP declined 279 billion from 1057 billion to 778 billion If ...View the full answer


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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional. Since 2012 I am providing home tutions.
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Economics

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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