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1.) Suppose an economy is initially in equilibrium when GDP equals $16 trillion. Now suppose government...

1.) Suppose an economy is initially in equilibrium when GDP equals $16 trillion. Now suppose government spending increases by $0.3 trillion and that the economy's multiplier is 3. What is the new equilibrium level of GDP? Provide your answer in dollars measured in trillions round to two decimal places. Do not include any symbols, such as "$," "=," "%," or "," in your answer.



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