Question
Suppose that autonomous consumption is 2,097, government purchases are 507, taxes are 0, planned investment spending is 525, net exports are -172, and the MPC
Suppose that autonomous consumption is 2,097, government purchases are 507, taxes are 0, planned investment spending is 525, net exports are -172, and the MPC is 0.54. What is the value of autonomous spending?
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Macroeconomics
Authors: Robert J Gordon
12th edition
138014914, 978-0138014919
