What fiscal policy would you recommend to eliminate the inflationary or recessionary gap in the following scenarios? You must show your calculations to get full credit.a. Recessionary gap of $800 with a marginal propensity to consume of 0.5.b. Inflationary gap of $1,500 with a marginal propensity to consume of 0.8.c. Potential GDP is $10,200, real GDP is $9,000, and the marginal propensity to consume is 0.2
Answer to relevant QuestionsUse the following table to answer the questions listed below.Total Output Cost TFC TVC AFC AVC ATC MC0 $2010 $ 4020 $ 6030 $ 9040 $12050 $18060 $280a. Calculate the total fixed costs, total variable costs, average fixed ...Thoroughly discuss job analysis and its relative importance in HR.Compare and contrasts land filling incineration. What is the trade off for each option?If you are the chief economist of a country experiencing high unemployment and flat GDP, what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to ...Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve isQ = 123 – 0.5P – 0.25 Pc + .01 YWhere Q is the quantity of seasonal ...
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