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QUESTION
Suppose the economy is at full employment, the price level is 100, and the multiplier is 2. CHANGE: Investment increases by $100 billion.
Suppose the economy is at full employment, the price level is 100, and the multiplier is 2.
CHANGE:
Investment increases by $100 billion.
a) What is the change in equilibrium expenditure if the price level remains at 100?
b) What is the immediate change in the quantity of real GDP demanded?
