Answered: If the marginal propensity to consume…

If the marginal propensity to consume is 0.50, how much would government spending have to rise to increase output by $5,000 billion? AG=$ billion. (Enter your response as an integer.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter19: The Keynesian Model In Action

Section: Chapter Questions

Problem 13SQ

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If the marginal propensity to consume is 0.50, how much would government spending have to rise to increase output by $5,000 billion?
AG $ billion. (Enter your response as an integer.)

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