Exam (elaborations)
Econ 302 Exam 4 Tophat Questions With Verified Answers
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In the Keynesian cross diagram, if the marginal propensity to consume is 0.75, then a $100 million increase in government spending will increase output by - Answer $400 million If the marginal propensity to consume is 0.75 and the interest rate is fixed, then a $100 million increase in taxes wil...
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