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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 21
If the equilibrium level of real GDP is $100,000 below the full-employment level of real GDP and the spending multiplier is 4, how much of an increase in autonomous aggregate expenditures (such as government spending) is required to move the equilibrium to the full-employment level of real GDP?
A) $400,000.
B) $200,000.
C) $100,000.
D) $25,000.
E) $10,000.
A) $400,000.
B) $200,000.
C) $100,000.
D) $25,000.
E) $10,000.
Explanation
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Verified
If real GDP at equilibrium level falls s...
Economics for Today 9th Edition by Irvin Tucker
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