Real GDP (y) 8,000, 9000, 10000,11000,12000 Consumption 6900, 7800, 8700,9600, 10500, Investment (i) 1000,1000,1000,1000,1000, Gov't...
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Real GDP (y) 8,000, 9000, 10000,11000,12000
Consumption 6900, 7800, 8700,9600, 10500,
Investment (i) 1000,1000,1000,1000,1000,
Gov't purchases 1,000 ,1000, 1000,1000,10000,
Net export (NX) -500 ,-500 -500 -500 -500 -500 what is the equilibrium level of real GDP?
Find the MPC and MPS? Suppose government purchase decrease by 100 billion. What will be the NEW eq'm level of real GDP? use the multiplier formula to determine your answers?
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