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Retnec Retnec
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7 years ago
Assume the economy has an MPC of 0.8. An increase in taxes of $20 billion would lower the equilibrium level of GDP by
A) $16 billion.
B) $20 billion.
C) $80 billion.
D) $100 billion.
E) $25 billion.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Helped a lot
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This helped my grade so much Perfect
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this is exactly what I needed
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