Suppose the MPC is 0.80. By how much must investment spending increase for GDP to go up

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Suppose the MPC is 0.80. By how much must investment spending increase for GDP to go up $50 billion?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:01 AM

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Suppose the MPC is 0.80. By how much must investment spending increase for GDP to go up

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The multiplier is 4 102...View the full answer

Economics Barrons Business Review Series

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