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Business, 14.08.2020 22:01 ashleewilson9204

Assume an increase in investment spending by $100, and a marginal propensity to consume (MPC) of 0.6. How much would GDP increase after the $100 was absorbed by the economy due to the multiplier effect

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Assume an increase in investment spending by $100, and a marginal propensity to consume (MPC) of 0.6...

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