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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??? |
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发表于 2013-5-7 21:06
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