Suppose the rate of growth of the economies in the BRIC nations (Brazil, Russia, India, and China)

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Suppose the rate of growth of the economies in the BRIC nations (Brazil, Russia, India, and China) slows down, causing U.S. net exports to fall by $75 billion. If the MPC is 0.8, what will be the change in equilibrium U.S. GDP?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:46 AM

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Suppose the rate of growth of the economies in the BRIC nations (Brazil, Russia, India, and China)

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