Business, 09.07.2021 04:50 vlonejd43

The income expenditure model predicts that if the marginal propensity to consume is 0.75 and the federal government increases spending by $100 billion, real GDP will increase by: a) $100 billion.
b) $750 billion.
c) $400 billion.
d) $300 billion.

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The income expenditure model predicts that if the marginal propensity to consume is 0.75 and the fed...

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