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vellojo vellojo
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7 years ago
An economy saves 20 percent of any increase in income and there are no income taxes or imports. Then, an increase in investment of $2 billion can produce a short run increase in real GDP of as much as
A) $2 billion.
B) $1.6 billion.
C) $10 billion.
D) $0.4 billion.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

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Studying economics @ Edinburgh U
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7 years ago
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Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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