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Jack has an MPC of 0.82 and Jill has an MPC of 0.78. Ceteris paribus, if the government transfers income from people who behave like Jack to people who behave like Jill,

The largest component of aggregate spending is government spending.

The marginal propensity to consume is

The general formula for computing the desired stimulus is

At the time it occurs, external financing of the debt allows the economy to

Which of the following is an explanation for why the AD curve slopes downward?

If the economy has an inflationary GDP gap, one possible solution is to increase taxes.

Disposable income refers to

In order to reduce the U.S. debt,

A decline in total real output for two or more consecutive quarters is referred to as