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Calculate the values for each of the questions. Assume that in each country there are no taxes, international trade, or inflation and that interest rates
Calculate the values for each of the questions. Assume that in each country there are no taxes, international trade, or inflation and that interest rates are fixed. sending checks worth $70 billion to Italian consumers. If the government spending multiplier is 1.5, calculate the MPC to determine the final change in Italy's real GDP due to the transfer. Please give your answer as a whole number in billions of dollars
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