Suppose the government increases expenditures by 3 billion


Suppose the government increases expenditures by ?$3 billion and the marginal propensity to consume is 0.6 By how will equilibrium GDP change?

The change in equilibrium GDP? is: ?$ billion.

?(Round your solution to one decimal? place.)

Solution Preview :

Prepared by a verified Expert
Business Management: Suppose the government increases expenditures by 3 billion
Reference No:- TGS02464154

Now Priced at $10 (50% Discount)

Recommended (92%)

Rated (4.4/5)