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javielito2000 javielito2000
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A year ago
Multiplier Effect of Government Purchases

Assume the government purchases multiplier is 2, real GDP is $423 billion, and potential real GDP is $437 billion. By how much would government purchases need to increase to restore the economy to potential real GDP? (Round to the nearest hundredth when necessary.)

▸ $14 billion

▸ $28 billion

▸ $3.5 billion

▸ $7 billion
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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wukong81wukong81
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A year ago
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