Mathematics, 17.05.2021 16:40 lovvyDovvy04
Suppose real gdp is 13.2 and potential real gdp is 14.0, with a gap of $800 billion. The government purchases multiplier is 5.0, and the tax multiplier is 4.0. How much will government purchases need to be increased to bring economy to equilibrium at potential GDP?
Answers: 3
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Suppose real gdp is 13.2 and potential real gdp is 14.0, with a gap of $800 billion. The government...
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