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Please answer this question and provide full calculations/ justification please. Consider an economy described by the Keynesian cross model. Suppose that its level of investment
Please answer this question and provide full calculations/ justification please.
Consider an economy described by the Keynesian cross model. Suppose that its level of investment equals 500,government spending is 200 and taxes are 150; the marginal propensity to consume is 0.6. What is the value of the government spending multiplierStep by Step Solution
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