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Retnec Retnec
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7 years ago
Assume the economy's full employment output is $1,000 billion and MPC is 0.80. If the equilibrium output is $1,200 billion, government spending must be increased by $50 billion to achieve full employment.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Retnec Author
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7 years ago
Good timing, thanks!
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