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If the MPC is 0.75and the government increasesspending by $20billion, which of the following will be the effect this change has on the economy? It
If the MPC is 0.75and the government increasesspending by $20billion, which of the following will be the effect this change has on the economy?
- It will increase the economy by $80 billion.
- It will increase the economy by $26.6 billion.
- It will increase the economy by $20 billion.
- It will increase the economy by $15 billion.
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Essentials of Econometrics
Authors: Damodar Gujarati, Dawn Porter
4th edition
73375845, 978-0071276078, 71276076, 978-0073375847
