Table 23-7 -Refer to Table 23-7.Using the Table Above,answer the Following Questions.The

question 138

Essay

Table 23-7

-Refer to Table 23-7.Using the table above,answer the following questions.The numbers in the table are in billions of dollars.
a.What is the equilibrium level of real GDP?
b.What is the MPC?
c.If investment spending declines by $50 billion,what will happen to equilibrium GDP?

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