4. (LO 3) The simple economy of Altria shown in Table 6.11 has no government or taxes...
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4. (LO 3) The simple economy of Altria shown in Table 6.11 has no government or taxes and no international trade.
Its investment is autonomous and its MPC is constant.
a) Complete Table 6.11.
b) What is the value of expenditures equilibrium?
c) What is the value of the multiplier?
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