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How does an increase in savings impact the multiplier? Explain. (6 marks) Question 2 Describe the National Broadband Network in Australia. Using the Keynesian income expenditure model to identify the effect of NBN on the Australian economy in the next few years. (6 marks) Question 3  160 200 Cd, W, J GDP=Cd+W E=AD1=Cd+J 1902 The graph above shows equilibrium level of GDP (in $ billions). Assume that full employment is achieved at a level of GDP of $200 billion. (a) Define the g ...

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Tags: Australia  South Australia  Charles Darwin University BCO104 Fundamentals of Economics Fundamentals of Economics Fundamentals of Economics 

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