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Business, 07.04.2020 18:54 erictallen2005
What happens to aggregate output if both taxes and government spending are lowered by $300 billion and mpc = 0.5? Explain your answer. (For all of the following, round your responses to the nearest integer.)As a result of the reduction in taxes, consumer expenditure increases by how many billions?Since the multiplier is ..., aggregate output falls by ... billion.
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What happens to aggregate output if both taxes and government spending are lowered by $300 billion a...
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