If the multiplier is 5 and investment increases by $3 billion, equilibrium real GDP will increase by:

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If the multiplier is 5 and investment increases by $3 billion, equilibrium real GDP will increase by:

a. $2 billion.

c. $8 billion.

b. $3 billion.

d. $15 billion.

e. none of the above.

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Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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