Macro final exam study guide – True/False questions ...
5.If the MPC increases, the planned aggregate expenditure line on the Keynesian cross diagram becomes steeper. TRUE. 6.In a simple Keynesian model (with lump-sum taxes and a MPC of 0.8), if the government increases spending by $400 billion and increases taxes by $400 billion, output will increase by $400 billion. TRUE.
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