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If the MPC in an economy is 0.80, government could shift the aggregate demand curve leftward by $12 billion by Multiple Choice increasing taxes by
If the MPC in an economy is 0.80, government could shift the aggregate demand curve leftward by $12 billion by
Multiple Choice
- increasing taxes by $3 billion.
- reducing government expenditures by $3 billion.
- increasing taxes by $2.4 billion.
- reducing government expenditures by $12 billion.
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
