Business, 05.12.2019 17:31, balakrishnamanoharan

Suppose that the level of gdp increased by $100 billion in a private closed economy where the marginal propensity to consume is 0.5. aggregate expenditures must have increased by $5 billion. $100 billion. $50 billion. $500 billion.

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Suppose that the level of gdp increased by $100 billion in a private closed economy where the margin...