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Mandolina Mandolina
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6 years ago
Suppose that MPC is 0.60 and that the full employment output is $500 billion. If the economy is presently in equilibrium at an output of $450 billion, which of the following policies would a Keynesian recommend?
A) an increase in government spending of $50 billion
B) a reduction in taxes of $25 billion
C) an increase in government spending of $20 billion
D) an increase in government spending of $25 billion
E) a reduction in taxes of $40 billion
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Mandolina Author
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#2
6 years ago
Wwow, couldn't thank you enough
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