Asked by Jjessica
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC.
a. 0.9
b. 0.8
I don't get it ! please help.
a. 0.9
b. 0.8
I don't get it ! please help.
Answers
Answered by
chris
0.9=0.1
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