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FIGURE 23-5 Refer to Figure 23-5

question 80

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  FIGURE 23-5 Refer to Figure 23-5.Suppose that an increase in government purchases caused the AD curve to shift to the right,as shown.If the simple multiplier in this model is 4,then what is the value of the multiplier? A) 1.2 B) 1.4 C) 4 D) 2.8 E) 3.2 FIGURE 23-5 Refer to Figure 23-5.Suppose that an increase in government purchases caused the AD curve to shift to the right,as shown.If the simple multiplier in this model is 4,then what is the value of the multiplier?


Definitions:

Positive Number

A real number that is greater than zero.

Scheffé Test

A statistical test for comparing all possible pairs of means in a set of groups, typically following ANOVA, to determine if they are significantly different.

Tukey Test

A statistical method used to determine if there are significant differences between the means of three or more independent groups.

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