Marginal revenue is: a) the added revenue that a firm takes in when it increases output by one additional unit. b) the difference between total…October 3, 2020
government purchases. the purchase of 100 shares of ATT by a retired business executive C. construction of a suburban housing project D. the piling…October 3, 2020
Assume that government purchases decrease by $15 billion, with other factors held constant, including the price level. Calculate the change in the level of real GDP demanded for each of the following values of the MPC. Then, calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion.
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