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11. Study Questions and Problems #11 Suppose the U.S. economy is in equilibrium at $15 trillion real GDP with a recessionary gap. Given an MPC

11. Study Questions and Problems #11 Suppose the U.S. economy is in equilibrium at $15 trillion real GDP with a recessionary gap. Given an MPC of 0.50, the government estimates that a tax cut of $700 billion is just enough to restore full employment. What is the full employment real GDP target? The full employment real GDP target is trillion. (Note: Round your answer to 2 decimal places.)

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