''''TL7-ii. cht ,,c a'. Try. torrnt"la ', , x ir,r) (so long as b is Invoratetc to tic maripc .4.-a- macro" c. or 4...l: c r 7 C. , sou i. sum C - i - c - a - 5T: Cb multiplier formula algebraically and hat c-ca. thh fortnuta, it is easy to derive tht c - .`ii - : ri" regarM0G a me :L-6 a :rico", gi-iart.,v-* ,-,.: It c - ) - c - ix -ari = -0: .ri, XXXXXXXXXX:0 tat g zppigp equally 1/4.01 to a change in in chasm we t.S.e. Ant yet mzuM` aex ' -I, 7' - - :...0, - :7:r camMnous comWMTr Spending, goy 313,:..int,c&. cir nelinehrhfisnurn. Ter°atdoor owithseuPmrseultipliez Figure 3. Hoir..U. tX cquariv0 e XXXXXXXXXXce GW. -13 etattvoir Iv:: one Unit Then GDP would Thu t1/2-uour &ale :re vice:4=re :Int m r Mcpreercer, formula to
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MY -' XXXXXXXXXXandb. --idiot, that Y C , c, • (X - poth iiutes leads to .1 - G 4 (X late
h 1 - b gives n&. ti - • a - Noacoo cr cogr ettrocte. tin .s -vx t - b s.orrtn more ,thocoi +- in. -G. valid for any numerical
demanded 4i derived by by comparing this expression with the el.prrssaan for see that a one-unit Neck-grin of spending changes equilibria% Ciamsr y - bT XXXXXXXXXXb - - + G 1-b
c - a -11C. y we on solver= dr eq.=aitenzat • six= + • Irt 1 - b - - T - r.w7 To solve this eq‘onno. ax : sr-tract hart both nags r gm' rlif? GS3C
Ten CM& beds sda.C., 25. tette rrier. Tres, of acme, is. palciacr, iv:CY.cr ircrth graphic arid tabciar areeortst ducir Wt art easily pmeZatize •Mo acteac approach to deal with any set of =Mtn cor to-artarty, Suppoie that fie owaa..=?-ext iircatc pmaullows-
Test Yourself
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Change in Y = Recalling that h is the marginal prOpeng some, we 1. Finl opalibtra re At a. a-Fariatt ermioni, in shah xmacav,ir anam, SM. uri cciairs ma *nil XXXXXXXXXX, ccirmract tx.cine, =ad paretirat1 art 2.1., Sart. A the Cr.roartpacc opt-imc t Agetcasc equei-m
C= XXXXXXXXXXglint: Do not forget that DI = a k. (-felting to Test Yourself QuestiOn Te for economy in which investment exports are zero, government put