KEY QUESTION Assuming the level of investment is $16 billion and independent of the level of total

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KEY QUESTION Assuming the level of investment is

$16 billion and independent of the level of total output, complete the accompanying table and determine the equilibrium levels of output and employment in this private closed economy. What are the sizes of the MPC and MPS?

Possible Real Domestic Levels of Output Employment, (GDP  DI), Consumption, Saving, Millions Billions Billions Billions 40 $240 $244 $ _____ 45 260 260 _____ 50 280 276 _____ 55 300 292 _____ 60 320 308 _____ 65 340 324 _____ 70 360 340 _____ 75 380 356 _____ 80 400 372 _____

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Economics

ISBN: 9780073336947

17th Edition

Authors: Campbell McConnell , Stanley Brue

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