Can I please get the answers and explanations on how to complete Q3?

.III gradescope

gradescope.co Submit Recitation 10 Grades... Recitation 9 'Ill gradescope Econ 0110-1308 Introduction to Macroeconomics Dashboard C Regrade Requests INSTRUCTOR a Roman Koshovnyk @ Account Mail - Richetti, Mikaela G - 33/34 Questions Answered Saved at 5:19 PM Course Hero O The Planets: Ice Worlds NO... Term Paper Group 3 - Google... Save Answer 03 1 Point Last saved on Apr 10 at 9:33 PM Suppose potential GDP is $500 billion, and actual GDP is $475, so that the output gap is 5%. a. Identify all scenarios below in which fiscal policy would successfully eliminate the output gap (i.e., reduce it to 0%)? An increase in government purchases of $10 billion, with a multiplier of 5. An increase in government purchases of $5 billion, with a multiplier of 5. An increase in government purchases of $10 billion, with a multiplier of 2.5. An increase in government purchases of $25 billion, with a multiplier of 2. Save Answer 04 4 Points Answer the following questions about the multiplier. 04.1 1 Point