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I'm having trouble solving this problem Refer to the accompanying table in answering the questions that follow: (1) (2) (3) Possible Levels of Real Domestic

I'm having trouble solving this problem

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Refer to the accompanying table in answering the questions that follow: (1) (2) (3) Possible Levels of Real Domestic Output, Aggregate Expenditures Employment, Millions Billions (Ca + Ig + Xn + G), Billions 90 $550 $570 100 600 610 110 650 650 120 700 690 130 750 730 a. If full employment in this economy is 130 million, will there be an inflationary expenditure gap or a recessionary expenditure gap? (Click to select) By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the inflationary expenditure gap or the recessionary expenditure gap? Aggregate expenditures would have to ( (Click to select) ; ) by: billion.What is the multiplier in this example? :l b. Will there be an inationary expenditure gap or a recessionary expenditure gap if the full-employment level of output is $550 billion? {Click to select] By how much would aggregate expenditures in column 3 have to change at each level of GDP to eliminate the gap? Aggregate expenditures would have to by: What is the multiplier in this example? :l c. Assuming that investment, net exports, and government expenditures do not change with changes in real GDP, what are the sizes of the MPC. the MP5. and the multiplier? c. Assuming that investment, net exports, and government expenditures do not change with changes in real GDP. what are the sizes of the MPC, the MP5. and the multiplier? Instructions: Round your answers for MPG and MP5 to 1 decimal place. m: . Muipliem

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