The national income and expenditure components for eac
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The national income and expenditure components for each level of the economy of Lala Land are given below. 'What is th
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The national income and expenditure components for each level of the economy of Lala Land are given below. 'What is the total expenditure at each level of income? What Is the equilibrium level of GDP? 'What is the marginal propensity to consume? Using the multiplier, if consumer spending autonomously increases by $200, what is the new equilibrium level of GDP?
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