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caillacakes caillacakes
wrote...
Posts: 511
4 years ago
Recall the Application about the difficulty in estimating the size of multipliers and the historical record of the size of multipliers to answer the following question(s).


According to this Application, economists Robert Barro and Charles Redlick found multipliers for defense spending were typically

▸ negative.

▸ less than 1.

▸ between 3 and 5.

▸ greater than 5.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
Authors:
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christinaalexchristinaalex
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Posts: 393
4 years ago
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wrote...
4 years ago
Recall the Application about the difficulty in estimating the size of multipliers and the historical record of the size of multipliers to answer the following question(s).


According to this Application, based on the information found by economists Robert Barro and Charles Redlick on multipliers for defense spending, increases in government spending for defense

▸ increased the economy by more than 5 times the amount of the government spending.

▸ increased the economy by an average of 4 times the amount of the government spending.

▸ increased the economy, but by less than the amount of the government spending.

▸ actually decreased the size of the economy.
wrote...
4 years ago
increased the economy, but by less than the amount of the government spending.
wrote...
4 years ago
Recall the Application about the difficulty in estimating the size of multipliers and the historical record of the size of multipliers to answer the following question(s).


According to this Application, economists Robert Barro and Charles Redlick found that multipliers ________ when there was more unemployment in the economy.

▸ were unaffected

▸ were larger

▸ were smaller

▸ were negative
wrote...
4 years ago
were larger
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