This topic contains a solution. Click here to go to the answer

Author Question: Multiplier Effect of Government PurchasesAssume the government purchases multiplier is 2, real GDP ... (Read 286 times)

tspaw0811

  • Full Member
  • ***
  • Posts: 165
Multiplier Effect of Government Purchases

Assume the government purchases multiplier is 2, real GDP is $423 billion, and potential real GDP is $437 billion. By how much would government purchases need to increase to restore the economy to potential real GDP? (Round to the nearest hundredth when necessary.)
◦ $14 billion
◦ $28 billion
◦ $3.5 billion
◦ $7 billion


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tspaw0811 on Nov 23, 2022

senorfranco

  • Full Member
  • ***
  • Posts: 164
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly




tspaw0811

  • Member
  • Posts: 165
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library