Answered You can hire a professional tutor to get the answer.
QUESTION
Assume that the MPC is 0.75. Full employment is considered to be at a GDP level of $500 billion. The GDP is $600 billion. What should the government
Assume that the MPC is 0.75. Full employment is considered to be at a GDP level of $500 billion. The GDP is $600 billion. What should the government do to achieve full employment?
a. increase spending by $25 billionb. increase spending by $10 billionc. reduce spending by $25 billiond. reduce spending by $100 billion
