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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Principles Of Financial Accounting
Authors: John J Wild, Ken W Shaw, Barbara Chiappetta
22nd Edition
0077632893, 9780077632892
