Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC

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Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC is 0.67, how big is the inflationary gap?

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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Question Posted: Dec 08, 2015 05:49 AM

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Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC

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The GDP gap is 900 5700 4800 and with an MPC ...View the full answer

Core Macroeconomics

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