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Business, 12.08.2019 21:30 dianaaivanov
Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remaining $0.40.the marginal propensity to consume (mpc) for this economy is and the spending multiplier for this economy is
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Business, 22.06.2019 20:40
Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?
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Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar the...
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