Business, 13.07.2021 19:20, lol15arec001
Suppose that the MPC is 0.8 and that $18 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $19 trillion at the same price level. By how much would it have to increase government purchases to achieve this goal (use the simple spending multiplier)?
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Suppose that the MPC is 0.8 and that $18 trillion of real GDP is currently being demanded. The gover...
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