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mdensmore mdensmore
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A year ago
Multiplier Effect of Government Purchases

Suppose that government spending increases by $2 trillion. If the marginal propensity to consume (MPC) is 0.7, then what is the change in real GDP? (Round to the nearest hundredth when appropriate.)

▸ $2.86 trillion

▸ $6.67 trillion

▸ $1.4 trillion

▸ $0.35 trillion
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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nnennennenne
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A year ago
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mdensmore Author
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A year ago
Thank you, thank you, thank you!
nicolepope23
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Yesterday
this is exactly what I needed
Gorgio_De
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2 hours ago
Thanks
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