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Level of investment goes up by 200. What happens with the level of GDP if you know that MPS = 0,9. What will happen with the level of savings?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Classical Macroeconomics And The Self Regulating Economy

Section: Chapter Questions

Problem 11QP

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Level of investment goes up by 200. What happens with the level of GDP if you know that MPS = 0,9. What will happen with the level of savings?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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