Equilibrium real GDP is $400 billion, the MPC = 0.9, and there are no income taxes or imports. Investment increases $40 billion. If the price level is constant, after the be Select one: O a. $600 billion. O b. $800 billion. Oc $360 billion. O d. $440 billion.

Equilibrium real GDP is $400 billion, the MPC = 0.9, and there are no income taxes or imports. Investment increases $40 billion. If the price level is constant, after the be Select one: O a. $600 billion. O b. $800 billion. Oc $360 billion. O d. $440 billion.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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s or imports. Investment increases $40 billion. If the price level is constant, after the increase in investment, equilibrium real GDP will

Equilibrium real GDP is $400 billion, the MPC = 0.9, and there are no income taxes or imports. Investment increases $40 billion. If the price level is constant, after the in
be
Select one:
Oa. $600 billion.
Ob. $800 billion.
Oc $360 billion.
O d. $440 billion.

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