Assume potential GDP is 3,500 and actual GDP is 3,000. If the consumption function is C=250+0.75Yd, how much does government expenditure need to rise by to close the output gap? (Please input the...


Please answer fast please help


Assume potential GDP is 3,500 and actual<br>GDP is 3,000. If the consumption function is<br>C=250+0.75Yd, how much does<br>government expenditure need to rise by to<br>close the output gap? (Please input the<br>round number without any Euro symbol)<br>

Extracted text: Assume potential GDP is 3,500 and actual GDP is 3,000. If the consumption function is C=250+0.75Yd, how much does government expenditure need to rise by to close the output gap? (Please input the round number without any Euro symbol)

Jun 07, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?