Question
If the MPC is 0.80, and if the goal is to increase real GDP by $300 million, then by how much would government spending have
If the MPC is 0.80, and if the goal is to increase real GDP by $300 million, then by how much would government spending have to change to generate this increase in real GDP?
$240 million.
$200 million.
$180 million.
$60 million.
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
