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Price Level 120 110 E₁ 17.5 LRAS 18 Ez Real GDP per Year (S trillions) SRAS AD₂ AD1

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section5.4: Real Versus Nominal Gdp

Problem 4QQ

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Question

Suppose that in the figure to the right, the government detemined that the amount by which the AD carve had to be shifted directly was required to generate this shif, what must be the value of the MPC? The value of the MPC assaciated with this shift is ◻ (Enter your response rounded to two decima' places) .

Price Level
120
110
E₁
17.5
LRAS
18
Ez
Real GDP per Year (S trillions)
SRAS
AD₂
AD1

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