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
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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
Transcribed Image Text: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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