Answered: If Mexican exports to Canada decline by…

If Mexican exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending drop if its MPC is 0.80?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter22: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 9P

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Question

Problem 10-08 (Algo)
If Mexican exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending drop if its MPC is 0.80?
Instructions: Enter your response as a whole number.
billion

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