
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 12

I) In the economy depicted:
A) the MPS is 0.50.
B) the MPC is 0.75.
C) the full-employment level of real GDP is $530 billion.
D) nominal GDP always equals real GDP.
Explanation
Hence, the correct answer is b. the MPC ...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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