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Question 27 Suppose a closed economy with no government spending or taxing is capable of producing an output of $1800 at full employment.Suppose also that

Question 27

Suppose a closed economy with no government spending or taxing is capable of producing an output of $1800 at full employment.Suppose also that autonomous consumption is $200, intended investment is $190, and the mpc is 0.50.

How much additional autonomous spending (for instance, from the government) is needed to move the economy to full employment?

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