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Business, 27.06.2020 20:01 mariaaaaa69

If real GDP is $400 billion, full employment GDP is $500 billion, and the marginal propensity to consume is 0.5, then Congress should decrease taxes by $50 billion. increase purchases by an amount slightly more than $100 billion. decrease purchases by $100 billion. decrease taxes by $100 billion. decrease purchases by $50 billion.

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If real GDP is $400 billion, full employment GDP is $500 billion, and the marginal propensity to con...
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