The Prime Minister of Macroland wants to raise its GDP by $900 billion. If Macroland's marginal propensity

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The Prime Minister of Macroland wants to raise its GDP by $900 billion. If Macroland's marginal propensity to consume out of disposable income is 0.7, by how much should the Prime Minister increase its government spending to achieve the target?

Posted Date: May 17, 2024 09:06 PM

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The Prime Minister of Macroland wants to raise its GDP by $900 billion. If Macroland's marginal propensity

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