If the MPC Is 0

question 39

True/False

If the MPC is 0.8 in a private closed economy, a $30 billion increase in planned investment will increase equilibrium real GDP by $120 billion.

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Definitions:

Genetics

The branch of biology that studies genes, genetic variation, and heredity in organisms.

Inborn

Characteristics, traits, or abilities present at birth, not acquired or learned through experience.

Environment

The surrounding conditions or influences that affect the growth, development, or existence of organisms or things.

Dizygotic

Pertaining to twins that are born from separate eggs fertilized by separate sperm cells, resulting in them being genetically similar as siblings rather than identical.