Question: 1. Continue the analysis for periods 4 and5. 2. Continue the table for periods 13 and 14. 3. Why are multiplier/accelerator models such as these
1. Continue the analysis for periods 4 and 5.
2. Continue the table for periods 13 and 14.
3. Why are multiplier/accelerator models such as these of little practical use in predicting the precise future course of the business cycle?
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1 In period 4 the rise in income of 125m in the previous period causes consumption to rise by half t... View full answer
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