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If the MPC is 0.7 and investment increases by $4 billion, the equilibrium GDP will Multiple Choice increase by $13.3 billion. increase by $2.8 billion.

If the MPC is 0.7 and investment increases by $4 billion, the equilibrium GDP will

Multiple Choice

  • increase by $13.3 billion.
  • increase by $2.8 billion.
  • decrease by $5.71 billion.
  • increase by $5.71 billion.

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