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Answer to Question #63769 in Macroeconomics for hamdah mahmoud yussuf

Question #63769
derSuppose an economy is initially in equilibrium at $800 billion and investment increases by $10 billion. This causes the economy to expand to $1200 billion. Calculate the value of the multiplierive the equation for consumption function.
Expert's answer
The investment multiplier will be 1200/800=1.5

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