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Economics

1) What is fiscal policy? If there were a recession, how could fiscal policy be utilized in an attempt to recreate full employment? What would be appropriate fiscal policy if there were inflation?

2) Be able to do a problem of the following sort: According to the Keynesian model, if aggregate demand is $60 billion less than what would be adequate for full employment, and if the MPC = .75, then how much would the government have to spend to set the economy on its way to full employment?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91566137

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