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Our economists estimate that citizens in our country have an MPC of 0.60. To increase GDP by $1,500, how much should we increase government spending?

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Our economists estimate that citizens in our country have an MPC of 0.60. To increase GDP by $1,500, how much should we increase government spending?

image text in transcribed
Allen Advisor That's right! To increase GDP, we increase government spending Our economists estimate that citizens in our country have an MPC of 0.60. To increase GDP by $1,500, how much should we increase government spending? Enter a response then click Submit below

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