Question
The marginal propensity to consume is 0.7. How would an initial spending of $1200 affect the GDP?
The marginal propensity to consume is 0.7.
How would an initial spending of $1200 affect the GDP?
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
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