Changing value of multiplier
‘Over the precedent 30 years, and particularly as our entry into the EU, imports (and exports) as a proportion of GDP have increases considerably in the UK. What influence has this had on the value of multiplier in the UK?’
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Valuing the multiplier and how the idea of marginality is much significant.
What do you mean by the term Equilibrium? Also state its proper definition.
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If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
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