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Business, 10.03.2020 22:35 julienamae4915

In an economy with lump-sum taxes ad no international sector, assume that the aggregate supply curve is horizontal. If the marginal propensity to consume is equal to 0.8, which of the following will necessarily be true.
The government expenditure multiplier will be equal to 5

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In an economy with lump-sum taxes ad no international sector, assume that the aggregate supply curve...

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