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vellojo vellojo
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7 years ago
An economy has no imports and no taxes. The marginal propensity to save is 0.1. A ________ increase in autonomous expenditure increases equilibrium expenditure by $60 billion and the multiplier is ________.
A) $6 billion; 10
B) $60 billion; 5
C) $60 billion; 10
D) $12 billion; 5
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
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