Business, 27.11.2019 06:31 deena7

The multiplier effect of fiscal policy predicts that an increase in government spending of $250 billion will increase total income by $1000.00 billion if the marginal propensity to consume is 0.75. if we account for crowding-out, then the increase in aggregate demand will be:
choose one:
a. less than $1000.00 billion.
b. exactly $1000.00 billion.
c. more than $1000.00 billion.

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The multiplier effect of fiscal policy predicts that an increase in government spending of $250 bill...

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