Price Level 120 110 E₁ 17.5 LRAS 18 Ez Real GDP per Year (S trillions) SRAS AD₂ AD1

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 5E
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Suppose that in the figure to the right, the government detemined that the amount by which the AD carve had to be shifted directly was required to generate this shif, what must be the value of the MPC? The value of the MPC assaciated with this shift is ◻ (Enter your response rounded to two decima' places) .

Price Level
120
110
E₁
17.5
LRAS
18
Ez
Real GDP per Year (S trillions)
SRAS
AD₂
AD1
Transcribed Image Text:Price Level 120 110 E₁ 17.5 LRAS 18 Ez Real GDP per Year (S trillions) SRAS AD₂ AD1
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