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Business, 07.08.2019 02:10 ash3246

Assume that nominal gdp is $19.6 trillion, the price level is 140 and the mpc is .90; how much would the government have to decrease spending in order to decrease aggregate demand to a real gdp level of $12 trillion? the current level of real gdp before the government decreases spending is . the spending multiplier is the desired change in ad is the amount that the government will need to decrease spending i

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Assume that nominal gdp is $19.6 trillion, the price level is 140 and the mpc is .90; how much woul...
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