Advanced Placement (AP), 20.04.2020 08:19, koshh4

Tje greek government decides to introduce new austerity measures, which reduce government direct spending by $16 billion. Greece has a marginal propensity to consume of 0.6.
What wilk be the final change in real gdp as a result of this decreased spending?

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Tje greek government decides to introduce new austerity measures, which reduce government direct spe...