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please answer As Finance Minister for Pearland's government, your team of economists has estimated that the economy's MPC = 0.8. Pearland is currently in a

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As Finance Minister for Pearland's government, your team of economists has estimated that the economy's MPC = 0.8. Pearland is currently in a recession. In order to get re-elected next year you need to increase RGDP by $200 billion to restore full employment. There are no taxes and Pearland does not trade. Due to the recession the price level is not expected to change in response to rising AD. You ask your economists to calculate the magnitude of government spending on transfer payments needed to accomplish this goal, and you am condent that their estimates will be correct since you threatened to exile them to the North Pole should they err. COPYRIGHTED MATERIAL. NOT TO BE SHARED. /' TOOLS x10y

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