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Given a consumption function of C = $700 billion + 0.75Y; if an investor spends an extra $250,000.00 in the economy. What will be the
Given a consumption function of C = $700 billion + 0.75Y; if an investor spends an extra $250,000.00 in the economy. What will be the impact on national income? A. Increase by $1,000,000.00 B. Decrease by $1,000,000.00 C. Increase by $250,000.00 D. Decrease by $250,000.00
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
