Suppose that a country's MPC is .6 and that autonomous consumption increases by $30 billion. What is

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Suppose that a country's MPC is .6 and that autonomous consumption increases by $30 billion. What is the multiplier for this country? What will be the total change in Real GDP after the increase in autonomous consumption?

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Economics

ISBN: 978-1133561675

11th edition

Authors: Roger A. Arnold

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Posted Date: Jan 14, 2021 03:27 AM

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Suppose that a country's MPC is .6 and that autonomous consumption increases by $30 billion. What is

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MPC 6 Multiplier 11MPC 116 Multip... View the full answer

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