If the marginal propensity to consume is 0.75, by how much would government spending have to rise

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If the marginal propensity to consume is 0.75, by how much would government spending have to rise to increase output by $1000 billion? By how much would taxes need to decrease to increase output by

$1000 billion?

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The Economics Of Money Banking And Financial Markets

ISBN: 978-0134376936

6th Canadian Edition

Authors: Frederic S Mishkin ,Apostolos Serletis

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Question Posted: Nov 14, 2024 03:01 AM

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If the marginal propensity to consume is 0.75, by how much would government spending have to rise

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The Economics Of Money Banking And Financial Markets

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