Assume that the marginal propensity to consume is 0.90 andautonomous consumption expenditures equal $100 billion. Further,assume that

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Assume that the marginal propensity to consume is 0.90 andautonomous consumption expenditures equal $100 billion. Further,assume that planned investment spending is $300 billion andgovernment spending, taxes, and net exports are zero.

Equilibrium output equals ____________

If autonomous consumption expenditures drop by $50 billion to$50 billion, equilibrium output equals _________

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Dec 13, 2022 04:20 AM

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Assume that the marginal propensity to consume is 0.90 andautonomous consumption expenditures equal $100 billion. Further,assume that

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Equilibrium output CIGXM where C consumption 10090Y I planned ... View the full answer

Macroeconomics

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