- UID
- 223235
- 帖子
- 459
- 主题
- 195
- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-21
|
Fiscal multiplier question
Can someone explain Schweser Reading 19 question 21 regarding the fiscal multiplier?
Govt reduces spending by $50M, T = 30%, MPC = 80%.
the fiscal multiplier is = 1/[1-MPC(1-T)] = 1/[1-.8(1-.3)]
I’m getting 7.14 as the multiplier, schweser calcs 2.27
Am I missing something??? |
|
发表于 2013-5-7 21:06
| 