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Suppose that technological advancements stimulate $24 billion in additional investment spending. If the MPC = 0.8, how much will the change in investment increase aggregate
Suppose that technological advancements stimulate $24 billion in additional investment spending. If the MPC = 0.8, how much will the change in investment increase aggregate demand?
Multiple Choice
- $120 billion
- $24 billion
- $192 billion
- $22.2 billion
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
