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Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 4
Suppose that a certain country has an MPC of.9 and a real GDP of $400 billion. If its investment spending decreases by $4 billion, what will be its new level of real GDP?
Explanation
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Real gross domestic product (GDP) is the...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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