4. Suppose that current real GDP is $11,000 and potential real GDP is $12,000. If the...
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4. Suppose that current real GDP is $11,000 and potential real GDP is $12,000. If the MPC is 0.8, how much must autonomous spending change for the economy to move to potential GDP? 4. Suppose that current real GDP is $11,000 and potential real GDP is $12,000. If the MPC is 0.8, how much must autonomous spending change for the economy to move to potential GDP?
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Current real GDP 11000 Potential GDP is 12000 Current GDP is 1000 120... View the full answer
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