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Tidy Tidy
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9 years ago
If the government purchases multiplier equals 2, and real GDP is $14 trillion with potential real GDP $14.5 trillion, then government purchases would need to increase by ________ to restore the economy to potential real GDP.
A) $7.25 trillion
B) $1 trillion
C) $500 billion
D) $250 billion
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SydnieSydnie
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9 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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