Assume that government purchases decrease by 10 billion, Ask an Expert

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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 demand or each the following values of the MPC. Then calculate the change if the government, instead of reducing its purchase, increased autonomous next taxes by $10 billion.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696238

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