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Mathematics, 26.07.2019 03:30 any71

Assume that a country is currently producing at a level of output equal to $600 billion. the government decides to increase expenditures by $25 billion, and the nation’s mpc is 0.8. based on the spending multiplier, what is the nation’s new level of total output (in billions of dollars)?

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Assume that a country is currently producing at a level of output equal to $600 billion. the governm...
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