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Business, 29.11.2020 16:40 TrueKing184

Suppose the GDP is in equilibrium at full employment and the MPC is 0.80. If government wants to increase its purchase of goods and services by $16 billion without changing equilibrium GDP, taxes should be:.A. Increased by $20 billion B. Reduced by $16 billion C. Increased by $16 billion D. Reduced by $20 billion

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