Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the...
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Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the govenment knows that the MPC equal to 0 83 and that the amount of the horzontal distance that the AD curve had lo be shifted directiy lefhward trom pontE, was equal to $1 24 tilion What is the reduction in teal government spending required to have generated this shift? LRAS Therefore, the reduction in real government spending necessary to shin the AD curve leftward by $124 trilion is $ trilion (Enter your response rounded to two decimal places) SRAS 1130' 120 AD AD, 18 185 Real GDP per Year (Ston) Points: U of 1 Save Incorrect: 0 Suppose that in the tigure to the right, the govenment knows that the MPC equal to 0 83 and that the amount of the horzontal distance that the AD curve had lo be shifted directiy lefhward trom pontE, was equal to $1 24 tilion What is the reduction in teal government spending required to have generated this shift? LRAS Therefore, the reduction in real government spending necessary to shin the AD curve leftward by $124 trilion is $ trilion (Enter your response rounded to two decimal places) SRAS 1130' 120 AD AD, 18 185 Real GDP per Year (Ston)
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Answer rating: 100% (QA)
Using the formula K 11MPC K 11083 K 1017 K 588 Having calculated the Mul... View the full answer
Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
Posted Date:
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