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7Chp20-Econ3310 - Expenditure Multiplier = a mpc Y I = C(Y...

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Aggregate Output Expenditure Multiplier ISLM Model Other demand components What determines I,G,NX? Planned investment spending I depends: 1. Negatively on interest rates i 2. On business expectations BE Assume for now that NX =0, i.e. a closed economy
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