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InPayniathe marginal propensity to consume is .6.Times are tough and the economy is operating on the flat (Keynesian) range of the Aggregate Supply Curve.If Congress
InPayniathe marginal propensity to consume is .6.Times are tough and the economy is operating on the flat ("Keynesian") range of the Aggregate Supply Curve.If Congress wished to increase Aggregate Demand by $500 B, how much would it need to raise Government Spending, all else constant?
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