Fact 11.5.2 An economy has a consumption function of C = 15 + 0.7 Y, in...
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Fact 11.5.2An economy has a consumption function of C = 15 + 0.7Y, investment equal to 8, government expenditure equal to 12, exports equal to 20, and an import function of M = 0.2Y.Refer to Fact 11.5.2. What is the multiplier for this economy?
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