Calculate the multiplier and the change in real GDP. An economy has a fixed price level, no

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Calculate the multiplier and the change in real GDP.
An economy has a fixed price level, no imports, and no income taxes. MPC is 0.80, and real GDP is $150 billion. Businesses increase investment by $5 billion.

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Macroeconomics Canada in the Global Environment

ISBN: 978-0321778109

8th edition

Authors: Michael Parkin, Robin Bade

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Question Posted: Dec 19, 2015 05:05 AM

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Calculate the multiplier and the change in real GDP. An economy has a fixed price level, no

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With no imports and no income taxes the m...View the full answer

Macroeconomics Canada in the Global Environment

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