Assignment Help - homework help

If real gdp is 500 billion full employment gdp is 200


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 government spending by $75 billion

- increase government spending by $300 billion

- increase taxes by $100 billion

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: If real gdp is 500 billion full employment gdp is 200
Reference No:- TGS0944485

Expected delivery within 24 Hours