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Business, 03.12.2021 18:40 debbiemoore170

Assume there is a recessionary gap of $200 billion, and that the government has decided to engage in expansionary fiscal policy to eliminate this recessionary gap. How much must the government spend to get the economy to the long-run equilibrium if the marginal propensity to consume is 0.6

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Assume there is a recessionary gap of $200 billion, and that the government has decided to engage in...
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