140 Planned AE 120 100 New Planned AE 80 60 40 20 20 40 60 80 100 120 140 160 180 200 Real GDP (in billions of dollars) 7. What is MPC if this hypothetical economy were to move the macroeconomic points from C to A? Planned Aggregate Spending (billions of

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Problem 1QTC
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200
45 degree line
180
160
140
Planned AE
120
100
New Planned AE
80
60
40
20
20 40 60 80 100 120 140 160 180 200
Real GDP (in billions of dollars)
7. What is MPC if this hypothetical economy were to move the macroeconomic
points from C to A?
0.5
0.85
0.75
0.95
none of the answers given is correct
Planned Aggregate Spending (billions of dollars)
Transcribed Image Text:200 45 degree line 180 160 140 Planned AE 120 100 New Planned AE 80 60 40 20 20 40 60 80 100 120 140 160 180 200 Real GDP (in billions of dollars) 7. What is MPC if this hypothetical economy were to move the macroeconomic points from C to A? 0.5 0.85 0.75 0.95 none of the answers given is correct Planned Aggregate Spending (billions of dollars)
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