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Change in equilibrium gdp

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Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change? The change in equilibrium GDP? is: ?$ billion.

?(Round your solution to one decimal? place.)

Reference no: EM131668827

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Change in equilibrium gdp : Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change?

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