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Business, 28.09.2019 02:10 angie07253

In preparing their estimates of the stimulus package's effect on gdp, obama administration economists estimated a government purchases multiplier of 1.57. this indicates that a $1 billion increase in government purchases would increase equilibrium real gdp by

a) $1 billion
b) $10 billion
c) $100 billion
d) $157 billion

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