Question
If the marginal propensity to consume was 0.92, how large would each of the following need to be in order to restore full-employment equilibrium? a.
If the marginal propensity to consume was 0.92, how large would each of the following need to be in order to restore full-employment equilibrium?
a. A tax increase? _____ billion
b. A government spending cut? _____ billion
c. A cut in income transfers? ____ billion
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Econometric Evaluation Of Socio-Economic Programs Theory And Applications
Authors: Giovanni Cerulli
1st Edition
3662464055, 9783662464052
