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Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC is 0.67, how big is the inflationary gap?
Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC is 0.67, how big is the inflationary gap?
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Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
