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Assume taxes increase by $300 and government spending increases by $300. The marginal propensity to consume is 0. 75. Calculate the total change gdp.
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Lois and clark own a company that sells wagons. the amount they pay each of their sales employees (in dollars) is given by the expression 12h+30w12h+30w12, h, plus, 30, w where hhh is the number of hours worked and the number of wagons sold. what is the amount paid to an employee who works 666 hours and sells 333 wagons?
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Assume taxes increase by $300 and government spending increases by $300. The marginal propensity to...
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