4-3 Multipliers
Refer to your notes on the APC, APS, MPC, MPS, Me, Mt, Mbb...
The point of this exercise is to understand that changes in spending or taxes will affect the overall economy. Generally speaking, increases in spending and decreases in taxes will increase GDP and decreases in spending and increases in taxes will decrease GDP. The multipliers tell us how much changes in taxes or spending will affect GDP.
If you missed class or would like to view the lecture, it is embedded in this assignment for you.
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