Suppose the marginal propensity to consume mpc is 08, Business Economics

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Suppose the marginal propensity to consume mpc is 08

Suppose the marginal propensity to consume (MPC) is 0.8. a) Compute the government purchases multiplier and the tax multiplier. B) If the government raises G by $500 billion, how much does GDP change by? C) If instead the government reduces taxes by $500 billion, how much does GDP change?

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Business Economics: Suppose the marginal propensity to consume mpc is 08

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