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If the MPC is 0.8 and the equilibrium GDP is $10 billion below the full-employment GDP, then the size of the recessionary expenditure gap is
If the MPC is 0.8 and the equilibrium GDP is $10 billion below the full-employment GDP, then the size of the recessionary expenditure gap is
Multiple Choice
- $2 billion.
- $80 billion.
- $10 billion.
- $20 billion.
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Rediscovering Sustainability Economics Of The Finite Earth
Authors: ARG Heesterman
1st Edition
1317069846, 9781317069843
