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Business, 13.07.2020 21:01 killinit143

Suppose government belives the simple Keynesian model is descriptive of the current economy. Conress wants to lower Real Gdp by $100 billion. The marginal propensity to consume is 0.80 Congress raises tax by: a. $28 billion
b. $15 billion
c. $29 billion
d. $22 billion
d. None of the above

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