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Business, 25.12.2019 02:31 andreawright13

Suppose that consumers become more pessimistic about the future and, as a result, reduce their consumption by $10 billion. if the marginal propensity to consume is 0.80, how will this $10 billion reduction in consumption affect the equilibrium level of real gdp? group of answer choices real gdp will decrease by $8 billion. real gdp will decrease by $10 billion. real gdp will decrease by $40 billion. real gdp will decrease by $50 billion.

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