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Business, 12.08.2020 05:01 dondre54

The Greek government decides to introduce new austerity measures, which reduce government direct spending by $16 billion. Greece has a marginal propensity to consume of 0.6. What will be the final change in real GDP as a result of this decreased spending? Please give your answer as a whole number in billions of dollars.

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The Greek government decides to introduce new austerity measures, which reduce government direct spe...
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