Question
I need help answering this question please ! Consider a model in which output isdemand-determined. If the marginal propensity to spend out of national income
I need help answering this question please !
Consider a model in which output isdemand-determined. If the marginal propensity to spend out of national income is 0.30, then a $0.8 billion increase in government purchases will cause equilibrium national income to (INCREASE or DECREAE) by approximately ____?
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
