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.
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
