Business, 24.10.2020 21:50 jayleneeeee
If real GDP is $570 billion, full employment GDP is $300 billion, and the marginal propensity to consume is 0.9, then Congress should
a. increase taxes by $20 billion.
b. increase taxes by $30 billion.
c. increase taxes by $270 billion.
d. increase spending by $27 billion.
e. decrease spending by $270 billion.
Please explain! Not sure how to do this type of problem.
Will mark brainliest!
Answers: 3
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If real GDP is $570 billion, full employment GDP is $300 billion, and the marginal propensity to con...
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