Autonomous aggregate expenditures decreases by 300 million


Autonomous aggregate expenditures decreases by $300 million, the marginal propensity to consume is 0.60, marginal propensity to invest is 0.25, and the marginal propensity to import is 0.15. Calculate the change in income. Show your work.

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Business Economics: Autonomous aggregate expenditures decreases by 300 million
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