ECON MACRO
ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
Question
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Chapter 9, Problem 5.10P

Sub-Part

A

To determine

The size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending, for MPC = 0.9

B

To determine

The size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending, for MPC= 0.75

C

To determine

The size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending, forMPC = 0.6

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