Question 20 2.5 pts If the spending multiplier equals 10 and the actual equilibrium real GDP is $4 billion below potential real GDP. then other things being equal, to reach the potential real GDP level, autonomous spending needs to increase by $40 billion real GDP needs to increase by $40 billion O autonomous spending needs to increase by $4 billion real GDP needs to increase by $0.4 billion autonomous spending needs to increase by $0.4 billion D Question 21 2.5 pts The equilibrium level of income will fall when; O consumption spending is greater than real GDP O saving exceed taxes O demand exceeds supply inventory levels rise unexpectedly aggregate expenditures exceed real GDP D Question 22 2.5 pts The distinction between discretionary fiscal policy and the use of automatic stabilizers is that O only discretionary fiscal policy can stimulate the economy. only automatic stabilizers can stimulate the economy. O discretionary fiscal policy, once adopted, is built into the structure of the economy, O automatic stabilizers, once adopted, are built into the structure of the economy