
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:Question 14
If the government decreased its purchases of goods and services by $4,000, and this resulted in an
eventual decrease in GDP and income of $10,000, the MPC would be equal to
Question 15
If the government decreases its purchases of goods and services by $12,000 and the MPS is 0.5,
GDP and income will eventually decrease by $
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