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In the wake of the Wuhan virus pandemic the government of India has decided to invest $ 1100 crores in the economy to boost aggregate
In the wake of the Wuhan virus pandemic the government of India has decided to invest $ 1100 crores in the economy to boost aggregate demand. Assuming the marginal propensity to consume is 0.85, calculate the total increase in income and consumption expenditure.(20 Marks)
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