Question: Assume that MPC = 0 . 8 0 0 . 8 0 , consider the following. Part 2 a . If government expenditures rise by
Assume that MPC
consider the following.
Part
a If government expenditures rise by
$
billion calculate by how much the aggregate expenditure curve will shift upward.
$enter your response here
billion.
when answering the following questions.
Part
a If government expenditures rise by
$
billion calculate how much the aggregate expenditure curve will shift upward.
$enter your response here
billion. Enter your response rounded to two decimal places.
Calculate the change in equilibrium real GDP per year.
$enter your response here
billion.
Enter your response rounded to two decimal places.
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