Question
In Keynesian theory, an increase in government spending of $4 billion combined with an increase in taxes of $4 billion will change Real GDP by
In Keynesian theory, an increase in government spending of $4 billion combined with an increase in taxes of $4 billion will change Real GDP by __________ billion if the marginal propensity to consume is 0.80.
Group of answer choices
$10
$4
$6
$16
none of the above
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Strategic Human Resource Management Contemporary Issues
Authors: Mark N. K. Saunders; Mike Millmore; Philip Lewis; Adrian Thornhill; Trevor Morrow
1st Edition
027368163X, 9780273681632
