Disucss what is the impact on the level of real gdp demanded, Macroeconomics

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Disucss what is the impact on the level of real gdp demanded

Problem

(Changes in Net Taxes) Using the income-expenditure model, graphically illustrate the impact of a $15 billion drop in government transfer payments on aggregate expenditure if the MPC equals 0.75. Explain why it has this impact. What is the impact on the level of real GDP demanded, assuming the price level remains unchanged?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Disucss what is the impact on the level of real gdp demanded

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