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QUESTION
Next year economists in a country forecast the mps will be .25 and the mpm will be . estimate the maximum impact on national income of these changes...
Next year economists in a country forecast the mps will be .25 and the mpm will be .15.
estimate the maximum impact on national income of these changes
1. an increase in government spending of 50 billion and an increase in taxes of 30 billion
2. no change in fiscal policy but a decrease is forecast in business investment spending of 40 billion
