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What change in government spending could yield the desired

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GDP is $14 trillion. government wishes to increase real gdp to 15 trillion. marginal propensity to consume (mpc) is 0.8, and every $1.00 increase in real government spending crowds out $0.50 in real planned investment expenditures. what change in government spending could yield the desired level of real gdp.

Reference no: EM13306290

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