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13 Dec 2019
If real GDP is $500 billion, full employment GDP is $200 billion, and the marginal propensity to consume is 0.75, then Congress should
- increase government spending by $100 billion
- decrease taxes by $100 billion
- increase govenrmnt spending by $75 billion
- increase governemnt spending by $300 billion
- increase taxes by $100 billion
If real GDP is $500 billion, full employment GDP is $200 billion, and the marginal propensity to consume is 0.75, then Congress should
- increase government spending by $100 billion
- decrease taxes by $100 billion
- increase govenrmnt spending by $75 billion
- increase governemnt spending by $300 billion
- increase taxes by $100 billion
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