A global recession reduces the US export by $45 may lead to a $______ reduction in aggregate

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A global recession reduces the US export by $45 may lead to a $______ reduction in aggregate demand if the MPC is 0.85.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Jan 26, 2024 07:32 AM

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A global recession reduces the US export by $45 may lead to a $______ reduction in aggregate

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To calculate the reduction in aggregate demand we need to first calculate the change in consumpti... View the full answer

Microeconomics

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