ction is C=300+0.8Yd, how much do mber without any Euro symbol)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Assume potential GDP is 4,000 and actual GDP is 3,000. If the consumption function is C=300+0.8Yd, how much does government
expenditure need to rise by to close the output gap? (Please input the round number without any Euro symbol)
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