According to the Keynesian-cross analysis, when there is a shift upward in the government-purchases schedule by an

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According to the Keynesian-cross analysis, when there is a shift upward in the government-purchases schedule by an amount ?G and the planned expenditure schedule increases by an equal amount, the equilibrium income rises by:

G x 1/(1-MPC)

G x 1/(1+MPC)

One unit

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Microeconomics

ISBN: 978-1429283434

3rd edition

Authors: Paul Krugman, Robin Wells

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Posted Date: Jan 31, 2024 01:41 AM

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According to the Keynesian-cross analysis, when there is a shift upward in the government-purchases schedule by an

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Microeconomics

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