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In an Aggregate Expenditure model, assume MPC = 0.8. If the government increases the government spending by $7 billion, then the equilibrium real GDP will
In an Aggregate Expenditure model, assume MPC = 0.8. If the government increases the government spending by $7 billion, then the equilibrium real GDP will increase by $___ billion. Round to the nearest 1/ 1 0th of billion. For example, if your answer is $12.34 billion, then enter "12.3" in the box. Margin of error: +/- 1
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