Suppose the government increases expenditures by $40 billion and the marginal propensity to consume is 0.50. By

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Suppose the government increases expenditures by $40 billion and the marginal propensity to consume is 0.50. By how much will equilibrium GDP change? The change in equilibrium GDP is: $ billion (Round your solution to one decimal place)

Posted Date: Jul 10, 2024 08:40 AM

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Suppose the government increases expenditures by $40 billion and the marginal propensity to consume is 0.50. By

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