Answer: reduced by $80 billion
Explanation:
An expansionary gap is when the actual output is more than the potential output. From the question, we are told that an economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionary gap and that the central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.
We are also given the marginal propensity to consume is 4/5, and told that the price level is completely fixed in the short run.
To close the expansionary gap, the government would need to reduce its spending. To solve this, we have to calculate the multiplier. This will be:
Multiplier = 1/(1 - MPC)
= 1/(1 - 4/5)
= 1/1-0.8
= 1/0.2
= 5
Therefore, the government expenditure or spending will be reduced by:
= $400 billion/5
=$80 billion
The answer to this question is the letter "E" which is the "anyone in the organization". Wiki is a blog or a website where anyone in the organization is allowed to access it to view and access materials and edit it. Hence, is a team uses wikis to collaborate on a report, the editing and updating of the report should be done by anyone in the organization.
Employees' identification with a particular organization tends to increase affective commitment. Affective commitment describes how an employee feels regarding an organization. When an employee feels positive about a situation they have good positive feelings about it and therefor, tend to be more commited long term.
