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C A = 400 MPC = .8 I = 350 G = 400 T = 250 a) Solve for Y* (equilibrium output) = b) What

C_A = 400

MPC = .8

I = 350

G = 400

T = 250

a) Solve for Y* (equilibrium output) =

b) What is the value of the spending (Keynesian) multiplier? =

c) What is the value of the tax multiplier? =

d) What is the value of the balance budget multiplier? =

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