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zhenek [66]
2 years ago
15

Assume that the MPC is 0.75. Full employment is considered to be at a GDP level of $500 billion. The GDP is $600 billion. What s

hould the government do to achieve full employment? increase spending by $25 billion reduce spending by $100 billion increase spending by $10 billion reduce spending by $25 billion
Business
1 answer:
serg [7]2 years ago
3 0
The total is 500.75 because if you add them you will get that answer
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4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand
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The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

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