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Business, 01.08.2019 03:20 sadiesnider9

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 for each of the following values of the mpc. then, calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion.

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Assume that government purchases decrease by $10 billion, with other factors held constant, includin...
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