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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 20
Beginning at equilibrium E 1 in Exhibit 12 assume the marginal propensity to consume (MPC) is 0.90 and the government increases taxes by $100 billion. The aggregate demand curve will shift to the
A) left by $1,000 billion.
B) right by $1,000 billion.
C) right by $900 billion.
D) left by $900 billion.
A) left by $1,000 billion.
B) right by $1,000 billion.
C) right by $900 billion.
D) left by $900 billion.
Explanation
Verified
Verified
The marginal propensity to consume is 0....
Economics for Today 9th Edition by Irvin Tucker
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