Business, 20.12.2019 01:31 axelperezdeleon8440

Suppose the government estimates that there is a $240 billion expansionary gap, and the mpc is 0.75. if congress decides to change government spending (g), how much would they need to increase/decrease government spending by in order to close the gap? congress would need to increase decrease government spending by $ nothingbillion (round at 2 decimal places) if congress decides to change taxes (t), how much would they need to increase/decrease taxes by in order to close the gap? congress would need to increase decrease taxes by $ nothingbillion (round at 2 decimal places)

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Suppose the government estimates that there is a $240 billion expansionary gap, and the mpc is 0.75....

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