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Author Question: You are hired by the Council of Economic Advisors (CEA) as an economic consultant. The chairperson ... (Read 66 times)

bobbie

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on: Apr 19, 2019

You are hired by the Council of Economic Advisors (CEA) as an economic consultant. The chairperson of the CEA tells you that she believes the current unemployment rate is too high. The unemployment rate can be reduced if aggregate output increases. She wants to know what policy to pursue to increase aggregate output by $300 billion. The best estimate she has for the 
MPC is 0.8. Which of the following policies should you recommend?


◦ Increase government spending by $300 billion and reduce taxes by $300 billion.
◦ Reduce government spending by $300 billion and increase taxes by $300 billion.
◦ Increase both government spending and taxes by $300 billion.
◦ Decrease both government spending and taxes by $300 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbie on Apr 19, 2019

krakiolit

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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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bobbie

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Reply #2 on: Apr 19, 2019
Thank you!


krakiolit

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Reply #3 on: Apr 19, 2019
Always glad to help...


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