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Business, 26.11.2019 07:31 12camtheman

Consider a hypothetical closed economy in which households spend $0.70 of each additional dollar they earn and save the remaining $0.30. the marginal propensity to consume (mpc) for this economy is , and the spending multiplier for this economy is . suppose the government in this economy decides to decrease government purchases by $300 billion. the decrease in government purchases will

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