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?
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?
Chapter24: Fiscal Policy
Section: Chapter Questions
Problem 9P
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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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