Question
If the MPC is 0.63 and taxes increase by $1,336, holding all else constant, real GDP will change by _____ according to the multiplier effect.
If the MPC is 0.63 and taxes increase by $1,336, holding all else constant, real GDP will change by _____ according to the multiplier effect. Please round to 2 decimal places. Be sure to include a negative sign (-) if it is a decrease and do not include a dollar sign ($) when answering.
I am getting 3610.81. just wanted to verify answer
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The Wisdom Of Crowds
Authors: James Surowiecki
1st Edition
0385721706, 9780385721707
