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The Multiplier Is Found by Dividing the Change in Equilibrium

question 92

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The multiplier is found by dividing the change in equilibrium real GDP by the change in autonomous aggregate expenditures.


Definitions:

Molten

Describes a substance that has been heated past its melting point and is in a liquid state, typically referring to metals or glass.

Rotor Bars

Metal bars placed in the rotor of an induction motor that conduct current and interact with the magnetic field to create rotation.

Power Factor

A measure of how effectively electrical power is converted into useful work output, with a range from 0 to 1.

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