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With the economy in a recession due to inadequate demand, the government increases its taxes by $2,000. The marginal propensity to consume is 1/3. How
With the economy in a recession due to inadequate demand, the government increases its taxes by $2,000. The marginal propensity to consume is 1/3. How large is the decrease in national income?
| a. 1000. | ||
| b. 2000. | ||
| c. 6000. | ||
| d. 3000. |
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
