Calculate the change in the level of real gdp demanded for, Econometrics

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Calculate the change in the level of real gdp demanded for

(Changes in Government Purchases) Assume that government purchases decrease by $10 billion, with other factors held constant, including the new price level. Calculate the change in the level of real GDP demanded for each of the following values of MPC. Then calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion

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Econometrics: Calculate the change in the level of real gdp demanded for

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Econometrics: Calculate the change in the level of real gdp demanded for

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