Business, 08.04.2021 22:30 ashl3yisbored
If the spending multiplier equals 5 and equilibrium income is $2 billion below potential GDP, then to reach the potential real GDP level. Group of answer choices total spending needs to increase by $0.1 billion nominal GDP needs to increase by $1.2 billion total spending needs to decrease by $6 billion nominal GDP needs to decrease by $12 billion total spending needs to increase by $0.4 billion
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If the spending multiplier equals 5 and equilibrium income is $2 billion below potential GDP, then...
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