The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports

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The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports or exports, no income taxes, and the price level is fixed.

Calculate autonomous expenditure and the marginal propensity to consume in Turtle Island.

Autonomous expenditure is $........ billion.

Related Book For answer-question

Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Posted Date: Aug 30, 2019 10:15 AM

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The figure illustrates the components of aggregate planned expenditure on Turtle Island. Turtle Island has no imports

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a 2 billion Autonomous expenditure is that level of expenditure which do not change with the ... View the full answer

Foundations of Macroeconomics

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