If the govt. wants to decrease RGDP by $40 billion and MPC equals 0.8, how much must

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If the govt. wants to decrease RGDP by $40 billion and MPC equals 0.8, how much must the govt. increase taxes?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Posted Date: Dec 22, 2020 06:04 AM

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If the govt. wants to decrease RGDP by $40 billion and MPC equals 0.8, how much must

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Ans The increase in taxes would be 8 billion Explanation The total of MPC and MPS is ... View the full answer

Essentials of Economics

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