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Keynesian AE/45°-line diagram and its effect on changes in government expenditures, tax rate and MPC.

Utilizing the Keynesian AE/45°-line diagram, Illustrate the effect of each of the following changes.

a. An increase in government expenditures.

b. An increase in the tax rates.

c. A fall in the MPC (marginal propensity to consume).

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M921192

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