Assume that there is an increase in autonomous investment of $100 billion. Will the effect on the

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Assume that there is an increase in autonomous investment of $100 billion. Will the effect on the level of equilibrium real GDP be greater with a relatively high or a relatively low marginal propensity to consume? Explain.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:06 AM

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Assume that there is an increase in autonomous investment of $100 billion. Will the effect on the

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The impact of a change in investment will be greater t...View the full answer

Macroeconomics

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