Answered: If the MPC In an economy is 0.75 and…

If the MPC In an economy is 0.75 and aggregate expenditures Increase by $20 billion, then equilibrlum GDP will increase by Multiple Choice $80 billion. $5 billion. $15 billion. $4 billion.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 8SQ

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If the MPC In an economy is 0.75 and aggregate expenditures Increase by $20 billion, then equilibrlum GDP will Increase by
Multiple Cholce
$80 billion.
$5 billion.
$15 billion.
$4 billion.

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