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Business, 15.04.2020 04:54 Sk8terkaylee

The marginal propensity to consume is 0.8, the marginal tax rate is 0.20, and the marginal propensity to import is 0.14. The government increases government expenditure and autonomous taxes each by $50 billion. What is the resulting change in equilibrium expenditure?

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The marginal propensity to consume is 0.8, the marginal tax rate is 0.20, and the marginal propensit...
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