The government reduces taxes by $100 billion. If the marginal propensity to consume (MPC) is 0.6, what happens to the following? Do they rise or
The government reduces taxes by $100 billion. If the marginal propensity to consume (MPC) is 0.6, what happens to the following? Do they rise or fall? By what amounts? a. Public saving b. Private saving c. National saving d. Investment.
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Authors: Victor Zinn Brink
3rd Edition
0471065242, 978-0471065241
