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Assume That in a Private Closed Economy Consumption Is $240

Question 162

Multiple Choice

Assume that in a private closed economy consumption is $240 billion and investment is $50 billion at the $280 billion level of domestic output.Thus:

A) saving is $10 billion.
B) unplanned disinvestment of $10 billion will occur.
C) the MPC is.80.
D) unplanned investment of $10 billion will occur.

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