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B88101 B88101
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A year ago
The Income-Expenditure Model

If an economy's MPC is 0.6 and the MPM is 0.25, then an increase in government spending of $2000 billion will increase income by ________ billion. (Round to the nearest integer.)

▸ $2667

▸ $3077

▸ $5714

▸ $5000
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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jennaforierojennaforiero
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A year ago
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A year ago
Just got PERFECT on my quiz
Chaldoren
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Thanks for your help!!
mikey3091
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Helped a lot
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