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Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If government decreases taxes by $4 billion, what
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If government decreases taxes by $4 billion, what will be its new level of real GDP?
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
