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Need some help with these questions, thanks! The French classical economist Jean Baptiste Say transformed the equality of production and spending into a law that
Need some help with these questions, thanks!
The French classical economist Jean Baptiste Say transformed the equality of production and spending into a law that can be expressed as follows: 0 Supply creates its own demand. 0 The invisible hand creates its own supply. 0 Wages always fall to the subsistence level. 0 Aggregate output does not always equal consumption. Question 2 10 pts If the marginal propensity to consume (M PC] is 0.75, a $50 billion decrease in government spending would cause equilibrium output to 0 increase by $50 billion. 0 decrease by $200 billion. 0 increase by $200 billion. 0 decrease by $50 billionStep by Step Solution
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