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Business, 15.11.2019 21:31 hannahv10

Suppose that the marginal propensity to consume in frugalia is 0.60. the government of frugalia enacts a stimulus program that increases spending by $10 million. by how much will aggregate expenditures increase in frugalia?
a) $4 million
b) $10 million
c) $25 million
d) $40 million

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