qfor each of the following values for the mpc
Q. For each of the following values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease in spending:
a. MPC = 0.9
b. MPC = 0.75
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qfor each of the following values for the mpc determine the size of the simple spending multiplier and the total change in real gdp demanded
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