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Suppose that the MPC is 0.7,there is no investment accelerator,and there are no crowding-out effects.If government expenditures increase by $30 billion,then aggregate demand
Average Variable Cost
The variable cost per unit of output, calculated by dividing the total variable costs by the quantity of output produced.
Market Price
The prevailing cost at which a service or product can be acquired or disposed of in a marketplace.
Marginal Cost
The cost of producing one more unit of a good or service, which can vary depending on the level of production.
Average Variable Cost
The total variable cost of production divided by the quantity of output produced, reflecting the cost per unit of output.
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