Question
If real GDP is $300 billion, full employment GDP is $600 billion, and the marginal propensity to consume is 0.75, then Congress should decrease taxes
If real GDP is $300 billion, full employment GDP is $600 billion, and the marginal propensity to consume is 0.75, then Congress should
decrease taxes by $100 billion.
decrease taxes by $75 billion.
increase government purchases by $300 billion.
decrease taxes by $300 billion.
increase government purchases by $100 billion.
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What Every Environmentalist Needs To Know About Capitalism
Authors: Fred Magdoff, John Bellamy Foster
1st Edition
1583672419, 9781583672419
