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7 Equilibrium GDP Use the chart below to answer the follow.pdf

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7. Equilibrium GDP. Use the chart below to answer the following questions. a. What is the equilibrium GDP in this model? b. What is the MPS and what is the MPC? c. What is the GDP multiplier? d. If there was an increase in investment of $20 billion, how much would the real GDP increase?.

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7. Equilibrium GDP. Use the chart below to answer the following questions. a. What is the equilibrium GDP in this model? b. What is the MPS and what is the MPC? c. What is the GDP multiplier? d. If there was an increase in investment of $20 billion, how much would the real GDP increase?

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