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2. Consider the simplest macro model with demand-determined output. The equations are: C = 150 + 0.8Yd, Yd = Y-T. /= 400, G = 700,

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2. Consider the simplest macro model with demand-determined output. The equations are: C = 150 + 0.8Yd, Yd = Y-T. /= 400, G = 700, T= .2Y, X = 130, and IM = 0.14Y. What is the Marginal Propensity to Consume (MPC) in this model? 80% b. What is the Marginal Propensity to import? 14%

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