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    Principles of Macroeconomics Study Set 11
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    Exam 20: Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates
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    If in 2003 the MPM =
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If in 2003 the MPM =

Question 87

Question 87

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If in 2003 the MPM = .15 and there was a $5,000 increase in income, would import spending change? By how much?

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$5,000 × .15 = $750....

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