Recall the PAE model we learned, analysed and discussed in this course. Assume an economy where: PAE = C + I P + G C = C 0 + c(Y-T) I = I 0 G = G 0 T = T 0 + tY The balanced budget multiplier for this economy is:

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Recall the PAE model we learned, analysed and discussed in this course.

Assume an economy where:

PAE = C + I^P

C = C₀

c(Y-T)

I = I₀

G = G₀

T = T₀

The balanced budget multiplier for this economy

is:

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