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Title: You are advising the Prime Minister. The Prime Minister feels that the current unemployment rate is ... Post by: Clement on May 19, 2020 You are advising the Prime Minister. The Prime Minister feels that the current unemployment rate is too high and that the unemployment rate can be reduced if aggregate output increases. He/she wants to know what policy to pursue to increase aggregate output by £3 billion. The mpcd is 0.8. Which of the following policies should you recommend?
▸ Increase government spending by £0.6 billion. ▸ Cut taxes by £2.4 billion and to increase government spending by £2.4 billion. ▸ Increase government spending by £2.4 billion. ▸ Cut taxes by £0.6 billion. Title: You are advising the Prime Minister. The Prime Minister feels that the current unemployment rate is ... Post by: RNIPP on May 19, 2020 Content hidden
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