Business
Business, 24.12.2019 19:31, estermartinez

Assume that marginal propensity to consume is 0.8 and potential output is $800 billion.

if the actual real gdp is $700 billion, government spending by would bring the economy to potential output.

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Assume that marginal propensity to consume is 0.8 and potential output is $800 billion.

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