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Suppose that investment spending rises by $500 billion with an MPC of . Calculate the change in GDP and Suppose that exports fall by $150 billion...

7.     Suppose that investment spending rises by $500 billion with an MPC of .75.  Calculate the change in GDP and Suppose that exports fall by $150 billion with an MPC of .7. Calculate the change in GDP.

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1.Change in GDP = $2,000... View the full answer

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