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Suppose the federal government increases its purchases of goods and services by $20 billion. What will be the change in the economy's real GDP? Suppose that a marginal propensity to save of 10%, and the nation has neither income taxes nor imports.
Real GDP will increase by $200 billion
Real GDP will increase by less than $200 billion
Real GDP will decrease by $200 billion
Real GDP will decrease by less than $200 billion
Real GDP will increase by $20 billion
Employee welfares are escalating at a much more rapid rate than salaries or cost of living for municipalities. You have been inquired by your employer to make comparisons between salaries and benefits in NYS
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What is an example of decision making under uncertainty and what do you do if your research results don't answer your research question?
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