Religious Studies homework help. (ii) Suppose import now becomes positively related to output as M = 60 + 0.05Y. What is the new multiplier, the new equilibrium level of income and the new trade balance at this equilibrium level of income? Discuss.
Religious Studies homework help. (ii) Suppose import now becomes positively related to output as M = 60 + 0.05Y. What is the new multiplier, the new equilibrium level of income and the new trade balance at this equilibrium level of income? Discuss.
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