The marginal propensity to consume is 0.7. How would an initial spending of $1200 affect the GDP?

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The marginal propensity to consume is 0.7.

How would an initial spending of $1200 affect the GDP?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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Posted Date: Mar 06, 2024 11:34 PM

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The marginal propensity to consume is 0.7. How would an initial spending of $1200 affect the GDP?

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The marginal propensity to consume MPC is the proportion of an increase in in... View the full answer

Macroeconomics

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