ECON MACRO (with MindTap Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN: 9781337408738
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 9, Problem 10P
Sub-Part
A
To determine
The size of the simple spending multiplier and the total change in real GDP
B
To determine
The size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending, for MPC= 0.75
C
To determine
The size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending, forMPC = 0.6
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Chapter 9 Solutions
ECON MACRO (with MindTap Printed Access Card) (New, Engaging Titles from 4LTR Press)
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