assume the marginal propensity to consume 8 and, Macroeconomics

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assume the marginal propensity to consume 8 and

Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion.

1. Potentially, how much will real GDP increase in the short-run after the increase in government purchases?

2. Besides government purchases, what and how much did another spending category increased due to the multiplier described above? Explain?

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Macroeconomics: assume the marginal propensity to consume 8 and

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Macroeconomics: assume the marginal propensity to consume 8 and

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