Essay
Suppose that there are no crowding-out effects and the MPC is 0.8. By how much must the government increase expenditures to shift the aggregate-demand curve right by $10 billion?
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An MPC of 0.8 means the multiplier = 1/(...View Answer
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Correct Answer:
Verified
An MPC of 0.8 means the multiplier = 1/(...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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