7. The government raises taxes by $100 billion. If the marginal propensity to consume is 0.6, what...
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7. The government raises taxes by $100 billion. If the marginal propensity to consume is 0.6, what happens to the following? Do they rise or fall?
By what amounts?
a. Public saving.
b. Private saving.
c. National saving.
d. Investment.
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