\"border: 0px; height: 0px; margin: 0px; padding: 0px; width: 707px\"> 13-10. Co

Question

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13-10.

Consider the diagram in the next column, in which the current

short-run equilibrium is at point A, and answer the questions that

follow.

"MsoListParagraphCxSpFirst">a.

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What type of gap exists at point A?

"MsoListParagraphCxSpLast">b.

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If the marginal propensity to consume equals 0.75, what change in

government spending financed by borrowing form the private sector

could eliminate the gap identified in part (a)? Explain

Explanation / Answer

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