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Question 7: Show the effect on the diagram of an increase and a reduction in government spending, assume MPC=0.6, G increases/decreases by 5 billion and

Question 7: Show the effect on the diagram of an increase and a reduction in government spending, assume MPC=0.6, G increases/decreases by 5 billion and original equilibrium was at $ 104 billion A.E. 450 (C+1+G) C+I+G C+1 GDP

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