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If the MPC is .80, how much of an increase in goverment spen

Paper help Economics If the MPC is .80, how much of an increase in goverment spen

Economics

If the MPC is .80, how much of an increase in goverment spen

If the MPC is .80, how much of an increase in goverment spending would be necessary to close a reces… Show more If the MPC is .80, how much of an increase in goverment spending would be necessary to close a recessionary gap of $500 billion(assume that the increased G will not raise the price level)? a. $50 billion b. $166.66 billion c. $500.billion d. $992 billion e. $7148 billion • Show less

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