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Business, 03.12.2021 20:30 kaydenceskyem

The multiplier effect of fiscal policy predicts that an increase in government spending of $150 billion will increase total income by $500.00 billion if the marginal propensity to consume is 0.70. If we account for crowding-out, then the increase in aggregate demand will be

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The multiplier effect of fiscal policy predicts that an increase in government spending of $150 bill...

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