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Y5 Their economists estimate that the full employment real GDP is 1583 Clovancs and the current estimated expenditures line passes through that point. Unfortunately their
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Their economists estimate that the full employment real GDP is 1583 Clovancs and the current estimated expenditures line passes through that point. Unfortunately their economy is well below equilibrium with aggregate expenditures at 937 Clovancs. The PCC's marginal propensity to consume is .43. To reach the full employment real GDP by how much should the government adjust aggregate expenditures?
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