Business, 17.04.2020 10:40 DrippyGanja
Suppose that the government is currently in a recession and elected officials have reached a conclusion that fiscal stimulus is needed. A new fiscal stimulus law (that was just passed) will involve spending $350 billion. Economists have informed you that the spending multiplier in the economy is 2.
What is the total macroeconomic impact of the fiscal stimulus?
Answers: 2
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Suppose that the government is currently in a recession and elected officials have reached a conclus...
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