Determine new equilibrium level of aggregate expenditure
Given an MPC of .8, if the equilibrium level of aggregate expenditure is 80 billion and there is a reduction in consumption of 2 billion, what will the new equilibrium level of aggregate expenditure be?
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Given the MPC of .8, if equilibrium level of aggregate expenditure is 80 billion and there is reduction in consumption of 2 billion, find the new equilibrium level of aggregate expenditure be?
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