Business, 10.03.2020 00:42 rubes08

In the simple Keynesian model with no government and foreign sectors, assume that the economy is in equilibrium at an output of $2 billion with a marginal propensity to consume of 0.9. If investment spending decreases by $0.05 billion, what is the new equilibrium output level

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In the simple Keynesian model with no government and foreign sectors, assume that the economy is in...

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