If MPC Is

question 81

Short Answer

If MPC is .5 and government spending declines by $10 billion,then GDP will fall by ______.

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Definitions:

Independent Events

Two or more events in which the occurrence of one event does not affect the probability of the other events.

Independent Events

Two or more events where the occurrence of one event does not affect the probability of the other events happening.

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Union

In mathematics, particularly in set theory, it is the set containing all elements from all sets being considered.