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If the consumption function of an economy is given by C = 100+0.85Yd: (5) a)And govt is considering raising its spending by $25b, then determine
If the consumption function of an economy is given by C = 100+0.85Yd: (5)
a)And govt is considering raising its spending by $25b, then determine the change in GDP.
b)And govt is considering cutting taxes by $30b then calculate the change in GDP
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