How you believe congress must increase government spending, Macroeconomics

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How you believe congress must increase government spending

Problem

Suppose you are an economic adviser to the president and the economy needs a real GDP increase of $500 billion to reach full-employment equilibrium. If the marginal propensity to consume (MPC) is 0.75 and you are a Keynesian, by how much do you believe Congress must increase government spending to restore the economy to full employment?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: How you believe congress must increase government spending

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