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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 23
In the economy depicted:
A) the MPS is 0.50.
B) the MPC is 0.75.
C) the full-employment level of real GDP is $530 billion.
D) nominal GDP always equals real GDP.
A) the MPS is 0.50.
B) the MPC is 0.75.
C) the full-employment level of real GDP is $530 billion.
D) nominal GDP always equals real GDP.
Explanation
Verified
Verified
Hence, the correct answer is c. is const...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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