How much additional consumption will this increase cause

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Suppose the government increases education spending by $20 billion. Based on an MPC of 0.75, how much additional consumption will this increase cause? Show your work.

Reference no: EM13736079

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How much additional consumption will this increase cause : Suppose the government increases education spending by $20 billion. Based on an MPC of 0.75, how much additional consumption will this increase cause? Show your work.
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