This isn't especially relevant, but in class we were discussing multipliers. It took me a long time to realise that the multiplier is not >1 by an accounting identity, and may even be less than 1. The above is The Economist presenting Obama's projections.
March 16, 2010
Multipliers
This isn't especially relevant, but in class we were discussing multipliers. It took me a long time to realise that the multiplier is not >1 by an accounting identity, and may even be less than 1. The above is The Economist presenting Obama's projections.
Recent Comments