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Consider the impact of an increase in thriftiness in the Keynesian-cross analysis. Assume that the marginal propensity to consume is unchanged, but the intercept of the consumption function is made smaller so that at every income level saving is greater. This will:
A) Lower equilibrium income by the decrease in the intercept multiplied by the multiplier.
B) Lower equilibrium income by the decrease in the intercept.
C) Raise equilibrium income by the decrease in the intercept.
D) Raise equilibrium income by the decrease in the intercept multiplied by the multiplier.
What are the uses of time series data?
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I want you to solve problem in Macroeconomics.It is in the file attachment.
what characteristic of Lloyd''s of london business organization was responsible for the financial losses suffered by the Names who had invested in Lloyd''s?
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