question archive Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level
Subject:EconomicsPrice:2.88 Bought3
Assume that government purchases decrease by $10 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demand MPC = 0.75. Then calculate the change if the government, instead of reducing its purchase, increased autonomous next taxes by $10 billion.
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