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Consider the following problem. Suppose Govt. has increased taxes by 50 million USD. (government purchase = constant). If MPS = 0.7, what impact does this

Consider the following problem. Suppose Govt. has increased taxes by 50 million USD. (government purchase = constant). If MPS = 0.7, what impact does this fiscal policy have on the followings? (7 marks) (Picture is not needed)

Public Savings b) Private savings c) National savings d) Investment

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