Why Does the Multiplier Differ Between the Long Run and the Short

question 307

Essay

Why does the multiplier differ between the long run and the short run?

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Definitions:

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population concerning social or political issues.

Foreign Policy

A government's strategy in managing its relations and interactions with other nations.

Vietnam Syndrome

A public aversion to American military engagement overseas due to the psychological trauma and political fallout from the Vietnam War.

Private Influence

Refers to the unseen or indirect control, impact, or guidance exerted by individuals or organizations in private sectors over public decisions, policy-making, or opinion.