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Business, 28.10.2020 17:00 bigchow

Assume that the marginal propensity to consume in an economy is 0.9. If the economy's full-employment real GDP is $500 billion and its equilibrium real GDP is $550 billion, there is an inflationary expenditure gap of

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Assume that the marginal propensity to consume in an economy is 0.9. If the economy's full-employmen...
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