Multiple Choice
If initial equilibrium real Gross Domestic Product (GDP) is $400 billion, MPC = 0.9, and autonomous investment increases $40 billion, equilibrium real Gross Domestic Product (GDP) will be
A) $440 billion.
B) $360 billion.
C) $600 billion.
D) $800 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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