Business
Business, 04.08.2019 03:00, Schoolworkspace453

Assume that a hypothetical economy with an mpc of 0.75 is experiencing severe recession. a. by how much would government spending have to rise to shift the aggregate demand curve rightward by $50 billion?

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Business, 25.07.2019 17:00, tystar84
Suppose a hypothetical economy is currently in a recessionary gap of $64 billion. four economists agree that expansionary fiscal policy can increase total spending and move the economy out of recession, but they are debating which type of expansionary policy should be used. economist a believes that the government spending multiplier is 8 and the tax multiplier is 4. economist b believes that the government spending multiplier is 4 and the tax multiplier is 2.
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Business, 07.08.2019 01:10, mdlemuslopez
Suppose that the national economy is experiencing a recession with an estimated recessionary gap of $10 billion. congress is considering the use of fiscal policy to ease the recession, and due to current political sentiments, it has determined that the maximum spending increase the government is willing to support is $3 billion. the government wants to make up the remainder of the recessionary gap using tax cuts. if a spending increase of $3 billion is approved and the mpc is 0.6, by how much will taxes need to be reduced to close the remainder of the recessionary gap
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Business, 17.09.2019 13:10, jaymee2904p88tgh
Assume that a hypothetical economy with an mpc of 0.75 is experiencing severe recession. by how much would government spending have to rise to shift the aggregate demand curve rightward by $40 billion
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