Marginal propensity to consume

Marginal propensity to consume

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Reference no: EM13691116

If real GDP is $500 billion, full employment GDP is $200 billion, and the marginal propensity to consume is 0.75, then Congress should

- increase government spending by $100 billion

- decrease taxes by $100 billion

- increase government spending by $75 billion

- increase government spending by $300 billion

- increase taxes by $100 billion

Reference no: EM13691116

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