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Question 3 (Worth 3 points) Assume that MPC for an economy is 0.5. If the government decreased personal income taxes and expenditures by the same
Question 3 (Worth 3 points) Assume that MPC for an economy is 0.5. If the government decreased personal income taxes and expenditures by the same amount, then aggregate demand will decrease. aggregate demand will increase. aggregate demand will not change. short-run aggregate supply will decrease. short-run aggregate supply will increase
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