If the marginal propensity to consume was 0.8, how large would each of the following need to

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If the marginal propensity to consume was 0.8, how large would each of the following need to be in order to restore a full-employment equilibrium in Figure 11.7?

(a) A tax increase.

(b) A government spending cut.

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 04, 2018 12:57 AM

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If the marginal propensity to consume was 0.8, how large would each of the following need to

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a 100billion b 80billion c 100billion Feedback For part...View the full answer

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