Social Studies
Social Studies, 24.11.2020 22:40, lattimore12

An economy has a fixed price level, no imports, and no income taxes. An increase in autonomous expenditure of $2 trillion increases equilibrium expenditure by $8 trillion. Calculate
the multiplier and the marginal propensity to consume.

answer
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An economy has a fixed price level, no imports, and no income taxes. An increase in autonomous expe...

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