3. If the marginal propensity to consume was 0.75, what would happen to equilibrium income if government
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3. If the marginal propensity to consume was 0.75, what would happen to equilibrium income if government purchases increased by $500 billion and investment fell by $500 billion at the same time? What if government purchases increased by $500 billion and investment fell by $400 billion at the same time?
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