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Business, 23.03.2020 16:57 Nina0016

Suppose that the MPC is 0.8 and that $14 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $15 trillion at the given price level. By how much would it have to increase government purchases to achieve this goal?

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Suppose that the MPC is 0.8 and that $14 trillion of real GDP is currently being demanded. The gover...

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