Social Studies, 24.04.2020 15:22 dai77

Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the arc. Potential output is 600 billion arcs. The government spending multiplier is:

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Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no...

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