What is real gdp demanded

Reference no: EM131227974

Suppose that C = 100 + 0.75(Y - 100), = 50, G = 30, and X - M = -100, all in billions of dollars. What is the simple spending multiplier? What is real GDP demanded? What would happen to real GDP demanded if government purchases increased to $40 billion?

Reference no: EM131227974

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