Question
Potential GDP equals $500 billion. The economy is currently producing GDP equal to $450 billion. If the MPC is 0.59, then autonomous spending must change
Potential GDP equals $500 billion. The economy is currently producing GDP equal to $450 billion. If the MPC is 0.59, then autonomous spending must change by $_______ billion for the economy to move to potential GDP?
If a $730 increase in autonomous investment causes a $4,222 increase in GDP, what is the MPS?
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
