1.8. The marginal propensity to expend is .8. Autonomous expenditures are $4,200. What is the level of...
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1.8. The marginal propensity to expend is .8. Autonomous expenditures are $4,200. What is the level of equilibrium income in the economy? Demonstrate graphically.
(LO26W-2)
9. The marginal propensity to expend is .66 and autonomous expenditures have just fallen by $20. (LO26W-2)
a. What will likely happen to equilibrium income?
b. Demonstrate graphically.
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