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If PMA = .25, equilibrium GDP is $ 6,000 trillion and potential GDP is $ 6,500 trillion, answer the following questions to. What kind of

If PMA = .25, equilibrium GDP is $ 6,000 trillion and potential GDP is $ 6,500 trillion, answer the following questions to. What kind of gap is there? Why? (5 points) b. What type of fiscal policy would be applied? What does this fiscal policy consist of? (5 points) C Calculate the multiplier of public spending. (Show calculations). (3 points) d. Determine by how much expenses should change to close the gap. (Show calculations). (2 points) OR Find the tax multiplier. (Show calculations). (3 points) 1 Determine by how much taxes must change to close the gap. (Show calculations). (2 points)

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