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Potential GDP equals $500 billion. The economy is currently producing GDP equal to $400 billion. If the MPC is 0.7, then autonomous spending must change
Potential GDP equals $500 billion. The economy is currently producing GDP equal to $400 billion. If the MPC is 0.7, then autonomous spending must change by $_______ billion for the economy to move to potential GDP?
i am coming up with the answer of 30B. Just wanted to check
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