(Answered) 1 consider a nation where inhabitants spend 90 of income

Management Studies

1. Consider a nation where inhabitants spend 90% of income and the government reduces its spending by $1200. The overall change in income (or AD) will be?

2. If taxes increase by $2400 in a nation that saves 15% of its income, the overall change in income (or AD) will be?

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Business Management, Management Studies

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