4. Suppose that a certain country has an MPC of 0.9 and a real GDP of $400...

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4. Suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. If its investment spending decreases by

$4 billion, what will be its new level of real GDP? LO11.5

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:01 AM

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4. Suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. If its investment spending decreases by $4 billion, what will be its new level of real GDP? LO11.5
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4. Suppose that a certain country has an MPC of 0.9 and a real GDP of $400...

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Macroeconomics

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