Question
The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.45 of national income, the MPC
The chart below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.45 of national income, the MPC out of after-tax income is 0.6, investment is 140, government spending is 130, exports are 127, and imports are 0.2 of after-tax income.
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
