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{"ops":[{"insert":"In an open economy, the marginal propensity to consume "},{"attributes":{"italic":true},"insert":"c "},{"insert":"is 0.9, and the tax rate is 1\/3. If the budget deficit increased by 15 mil. \u20ac determine: \n"},{"attributes":{"bold":true},"insert":"a) the change in the level of investments that could have led to this increase in the budget deficit;"},{"insert":"\n"},{"attributes":{"bold":true},"insert":" b) assuming that the increase in budget deficit is due only to the increase in government spending, determine the change in government spending (\u2206G) that could have led to this effect.\u00a0"},{"insert":"\n"}]}
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