Suppose economists observe that an increase in government spending of $14 billion raises the total demand for goods and services by $70 billion. If these economists ignore the possibility of crowding out, they would estimate the marginal propensity to consume (MPC) to be . Now suppose the economists allow for crowding out. Their new estimate of the MPC would be than their initial one.

rotation point l

step-by-step explanation:

center (1,3) with radius 6

step-by-step explanation:

we must complete the square to find the center and radius of the circle.

first make sure the x and y squared terms have 1 as their coefficients. we also make sure x and y terms together.

we now create space between the x and y terms with parenthesis.

we complete the square by taking the middle terms -2x and the -6y - divide each and square them.

we add the squares to both sides.

simplify.

and write the quadratics in factored form.

the center is (h,k) or (1,3). the radius is the square root of 36 which is 6.