I need help with the question highlighted in blue.I need this to be answered in two paragraphs

in that growth. In Chapter 13 we will learn ab role Central Banks play in economic growth. Read the article entitled "Swiss Paradox: Booming Economy, Negative Interest Rates," The Wall Street Journal, September 20, 2018, found under Content>Articles of Interest>Swiss Paradox. How are policies used in various countries to influence economic growth? (Not all of this will make sense now 64. necessarily, but will in the near future!) 2. Go to www.heritage.org to find the 2019 Index of Economic Freedom. (a) ling What variables does the index use to look at economic growth? (b) Pick a country and discuss the economic freedom index for that country. 3. Yearly budget deficits and rising national debt (Chapter 10) are a concern for future generations. Efforts to limit increases in the fiscal year deficits, and ultimately debt, could include government spending increases matched with equal tax increases. But what if the need for additional stimulus to the economy is not warranted, but the government spending program is sorely needed. Let's set out a hypothetical scenario. The economy is currently at full employment, meaning stimulus is not needed at the present time. But the Space Force as a complement to our existing branches of the military is launched with heavy government spending. In order to keep government 20 finances in balance, a tax increase is passed to provide the revenues for the development of the Space Force. A $500 billion spending program by our government is matched with a tax hike of $500 billion. Assume the country's Marginal Propensity to Consume (MPC) is 0.75. Predict the net at effect on the economy in terms of our Gross Domestic Product. Explain your answer as well. 4. (a) What is the Keynesian spending multiplier, and how does it contribute to the appeal for fiscal policy in combatting recessions? (b) Why so much focus on consumer spending in the Keynesian framework? + 2 ... 15 V