Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all: 19. How does the multiplier work in theory? How would you interpret Robert Barro’s empiricalfindings of a multiplier (note, not the MPC) of 0.8? What about Christine Romar’s finding ofa multiplier of 1.5?
Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all: 19. How does the multiplier work in theory? How would you interpret Robert Barro’s empiricalfindings of a multiplier (note, not the MPC) of 0.8? What about Christine Romar’s finding ofa multiplier of 1.5?
Chapter11: Managing Aggregate Demand: Fiscal Policy
Section11.A: Graphical Treatment Of Taxes And Fiscal Policy
Problem 2DQ
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Use the Feynman technique throughout. Assume that you’re explaining the answer to someone who doesn’t know the topic at all:
19. How does the multiplier work in theory? How would you interpret Robert Barro’s empirical
findings of a multiplier (note, not the MPC) of 0.8? What about Christine Romar’s finding of
a multiplier of 1.5?
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