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Suppose that MPC is 0.75 and that the full employment output is $760 billion. If the economy is ...

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Suppose that MPC is 0.75 and that the full employment output is $760 billion. If the economy is ...

Suppose that MPC is 0.75 and that the full employment output is $760 billion. If the economy is presently in equilibrium at an output of $1,000 billion, which of the following policies would a Keynesian recommend?
A) an increase in government spending of $60 billion
B) a reduction in government spending of $240 billion
C) a tax increase of $80 billion
D) a reduction in government spending of $80 billion
E) a tax increase of $60 billion

Textbook

Introduction to Economic Reasoning

Edition: 8^th

Author: Rohlf

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You have the correct answer! Smiling Face with Halo

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