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Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279 تمرين 7
Use the following data to work Problem.
An economy has a fixed price level, no imports, and no income taxes. MPC is 0.80, and real GDP is $150 billion. Businesses increase investment by $5 billion.
Calculate the new real GDP and explain why real GDP increases by more than $5 billion.
An economy has a fixed price level, no imports, and no income taxes. MPC is 0.80, and real GDP is $150 billion. Businesses increase investment by $5 billion.
Calculate the new real GDP and explain why real GDP increases by more than $5 billion.
التوضيح
موثّق
موثّق
First, list the given data:
• Marginal p...
Macroeconomics 12th Edition by Michael Parkin
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