Economics (M.Phil./Ph.D.) 2019 Panjab University Entrance Exam With Answers

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23.

Foreign trade multiplier is given by:

A: ∆Y/∆I = 1/1-b-m
B: ∆Y/∆I = 1/1-b+m
C: ∆Y/∆I = 1/1-b
D: ∆Y/∆I = 1/1-m

The answer is: B

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