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Search results with tag "Expenditure multiplier"
SOLUTIONS MACROECONOMIC THEORY Term Test #1
economics.utoronto.caThe larger the aggregate expenditure multiplier, the greater will be the impact of an increase in government purchases on equilibrium income. Therefore, let’s examine how the size of the expenditure multiplier changes when we consider investment to be an increasing function of income. Recall that the expenditure multiplier is α
Simple Analytics of the Government Expenditure Multiplier
www.columbia.eduSimple Analytics of the Government Expenditure Multiplier⁄ Michael Woodford Columbia University June 13, 2010 Abstract This paper explains the key factors that determine the output multiplier