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Author Question: You are hired by the Bureau of Economic Analogies (BEA) as an economic consultant. The chairperson ... (Read 77 times)

bobypop

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on: Apr 19, 2019

You are hired by the Bureau of Economic Analogies (BEA) as an economic consultant. The chairperson of the BEA tells you that he believes the current unemployment rate is too high. The unemployment rate can be reduced if aggregate output increases. He wants to know what policy to pursue to increase aggregate output by $500 billion. The best estimate he has for the 
MPC is 0.7. Which of the following policies should you recommend?


◦ Decrease government spending by $75 billion.
◦ Reduce taxes by $214.3 billion.
◦ Reduce taxes by $314.3 billion and to decrease government spending by $500 billion.
◦ Reduce the budget deficit by $300 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobypop on Apr 19, 2019

kmb352

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Reply #1 on: Apr 19, 2019
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.
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bobypop

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Reply 2 on: Apr 19, 2019
Excellent

amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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