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Open Response: Assume the government wishes close an inflationary gap of $100 billion. The MPC is 0.9. How much would the government have to cut
Open Response:
- Assume the government wishes close an inflationary gap of $100 billion. The MPC is 0.9. How much would the government have to cut spending to close the gap?
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
