Given a marginal propensity to consume of 06 an increase of


Good day, some help (with steps) on the following will be much appreciated!

Given a marginal propensity to consume of 0.6, an increase of 200 in government spending, and an increase in taxes of 240, what will happen to the output and income?

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Business Economics: Given a marginal propensity to consume of 06 an increase of
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