The work has not been graded but I like the output that was submitted to me. Is it possible for the same prof to do the next assignment I will be submitting? If possible, I will greatly appreciate it.
Therefore, an increase in government purchases of 25 increases income by 100. That is what we expect to find, because the government-purchase multiplier is 1/(1-MPC): because the MPC is 0.75, the government purchase multiplier is 4. d. What level of government purchases is needed to achieve an income of 1.600?
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