Question
If real GDP is $150 billion, full employment GDP is $600 billion, and the marginal propensity to consume is 0.8, then Congress should increase taxes
If real GDP is $150 billion, full employment GDP is $600 billion, and the marginal propensity to consume is 0.8, then Congress should
increase taxes by $450 billion.
decrease taxes by $112.5 billion.
decrease government purchases by $90 billion.
increase government purchases by $112.5 billion.
increase government purchases by $450 billion.
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Experimental Econophysics Properties And Mechanisms Of Laboratory Markets
Authors: Ji Ping Huang
1st Edition
3662442345, 9783662442340
