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Assume the current GDP in this economy is $20 trillion. The labor force in this economy is 154,432,000. The population is 265,752,000. 9,765,000 people are
Assume the current GDP in this economy is $20 trillion. The labor force in this economy is 154,432,000. The population is 265,752,000. 9,765,000 people are not working but actively seeking work. The full- employment rate in the economy is 4.0% and the target rate of inflation is 2.0% If the government decided to use Government Spending to solve the problem you identified in Question 1, should they increase or decrease spending or keep it the same? Explain in detail
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