Assume the economy's full employment output is $1,000 billion and MPC is 0.80. If the equilibrium ...

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Assume the economy's full employment output is $1,000 billion and MPC is 0.80. If the equilibrium ...

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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Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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