Using the value of mpc 08 and knowing the difference


Using the value of MPC = 0.8, and knowing the difference between the values of expenditure multiplier and the tax multiplier, it can be safely stated t hat the reduction of taxes by $40 0 billion (other things staying the same) , Estimate increased level equilibrium aggregate output (RGDP) . You need to show your work of estimations.

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Business Economics: Using the value of mpc 08 and knowing the difference
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