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If I want to implement a fiscal policy to increase equilibrium GDP by $500 billion and the MPC=.90, but I do not want to change
If I want to implement a fiscal policy to increase equilibrium GDP by $500 billion and the MPC=.90, but I do not want to change the federal deficit (and national debt) while conducting the policy, what would I have to do? Which multiplier do I use to help establish this policy? Show your math work
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
