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Author Question: The total multiplier of government expenditure is A) zero. B) between zero and one. C) one. D) ... (Read 14 times)

rlane42

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on: Jun 30, 2018
The total multiplier of government expenditure is
 
  A) zero.
  B) between zero and one.
  C) one.
  D) larger than one.

Question 2

Which of the following statements is (are) correct? Keynesians criticize the new classical theory because
 
  a. the new classical model cannot explain changes in expectations.
  b. of the contracting market characterization of the labor market.
  c. the rational expectations assumption ascribes an extreme and unrealistic availability of information to market participants.
  d. All of the above


kthug

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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