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In a private closed economy where MPC = 0.8. if consumers reduce their spending by $10 billion and firms cut investments by $10 billion, then
In a private closed economy where MPC = 0.8. if consumers reduce their spending by $10 billion and firms cut investments by $10 billion, then equilibrium GDP will decrease by Multiple Choice 0 $100 billion. $40 billion. O 0 $20 billion. . $3 billion
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