The Canadian Government decides to inject $10,000,000 into the economy by increasing its spending on infrastructure. If the Marginal Propensity to Consume is .6 or 60% what will be the overall change in GDP/Real Output?
The Canadian Government decides to inject $10,000,000 into the economy by increasing its spending on infrastructure. If the Marginal Propensity to Consume is .6 or 60% what will be the overall change in GDP/Real Output?
Chapter24: Fiscal Policy
Section: Chapter Questions
Problem 7P
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The Canadian Government decides to inject $10,000,000 into the economy by increasing its
spending on infrastructure. If the Marginal Propensity to Consume is .6 or 60% what will be the
overall change in GDP/Real Output?
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