Business, 19.12.2019 21:31 wednesdayA

If real gdp is $150 billion, full employment gdp is $600 billion, and the marginal propensity to consume is 0.8, then congress should decrease taxes by $450 billion. increase taxes by $112.5 billion. decrease government purchases by $90 billion. increase government purchases by $90 billion. increase government purchases by $450 billion.

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If real gdp is $150 billion, full employment gdp is $600 billion, and the marginal propensity to con...