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Name: Assuming there is no trade, if the Marginal Propensity to Consume is 0
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Description: Assuming there is no trade, if the Marginal Propensity to Consume is 0.90 and the gov increase spend1ng by $5 bil1ion, how much will output rise?

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Economics

Assuming there is no trade, if the Marginal Propensity to Consume is 0.90 and the gov increase spend1ng by $5 bil1ion, how much will output rise?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 7P

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