Question
C=300 billion + 0.75 (Yd); I=450 billion If full-employment GDP in this economy is $3500 billion, how much of an increase in government spending would
C=300 billion + 0.75 (Yd); I=450 billion If full-employment GDP in this economy is $3500 billion, how much of an increase in government spending would be necessary to achieve equilibrium at full employment, given then simplifying assumptions of the Keynesian model?
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
