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Home Q & A Board Other Fields Homework Help Business Economics
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gcd99br gcd99br
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3 years ago
Let the mpcd = 0.75. The government increases its expenditure on the NHS by £500 million and simultaneously raises income taxes by £500 million. Aggregate demand in the economy will

▸ remain the same.

▸ rise by £125 million.

▸ fall by £125 million.

▸ rise by £500 million.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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sarahlouhiggsarahlouhigg
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3 years ago
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gcd99br Author
wrote...

3 years ago
Thanks for your help!!
Shassta22
wrote...

Yesterday
Smart ... Thanks!
fgarza2146
wrote...

2 hours ago
Good timing, thanks!
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