Question
If the MPC is 0.8 and government purchases decreases by $4,301, holding all else constant, real GDP will change by _____ according to the multiplier
- If the MPC is 0.8 and government purchases decreases by $4,301, holding all else constant, real GDP will change by _____ according to the multiplier effect (assuming no crowding out).
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Exploring Economics
Authors: Robert L Sexton
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978-1439040249, 1439040249
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