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Author Question: The King of Rococo hires you as an economic consultant. He is concerned that the output level in ... (Read 118 times)

maegan_martin

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on: Apr 19, 2019

The King of Rococo hires you as an economic consultant. He is concerned that the output level in Rococo is too high and that this will cause prices to rise. He feels that it is necessary to reduce output by $100 billion. He tells you that the 
MPC in Rococo is 0.9. Which of the following would be the best advice to give to the King of Rococo?


◦ Increase government spending in Rococo by $100 billion.
◦ Increase taxes in Rococo by $100 billion.
◦ Reduce government spending in Rococo by $90 billion.
◦ Reduce government spending in Rococo by $10 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by maegan_martin on Apr 19, 2019

Liddy

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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maegan_martin

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Reply #2 on: Apr 19, 2019
TY


Liddy

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Reply #3 on: Apr 19, 2019
You're welcome


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