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Consider the simplest macro model with demand-determined output.Suppose an increase in business confidence leads firms to increase investment in new equipment by $3.5 billion.The marginal propensity to spend in this economy is 0.6.What is the eventual total new expenditure in this economy due to the increase in investment?
Normative Study
An investigation or research aimed at understanding what is considered normal or typical behavior or characteristics in a specific population.
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