Question
Suppose an economy is faced with a $20 billion dollar recessionary gap. Furthermore, the marginal propensity to consumer is .80 in the economy. If taxes
Suppose an economy is faced with a $20 billion dollar recessionary gap. Furthermore, the marginal propensity to consumer is .80 in the economy. If taxes are decreased by $1 billion dollars, then government spending needs to increase by _____________ billion?
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The Great Divide Unequal Societies And What We Can Do About Them
Authors: Joseph E Stiglitz
1st Edition
0393352188, 9780393352184
