Business, 31.12.2020 19:10 acaciafiedler2003
In normal times, the general equilibrium multiplier is than the partial equilibrium multiplier because the increase in equilibrium inflation causes the real interest rate to , which affects private consumption and investment.
a. higher, decrease
b. smaller, decrease
c. higher, increase
d. smaller, increase
Answers: 1
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In normal times, the general equilibrium multiplier is than the partial equilibrium multiplier becau...
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