3 problems.

Problem 1 has two drop downs, both need to be either - SMALLER / LARGER

Problem 2 needs a cell completed and a drop down - DECREASE / INCREASE

Problem 3 has 3 cells

Problem 4 has 1 cell

Great feedback will be left for good work.

Thank you

Back to Assignment Attempts 0 0 Keep the Highest 0 / 1 4. Study Questions and Problems #4 A reduction in taxes will have a multiplier than an increase in government spending by the same amount because the initial round of spending with a tax reduction is than the initial round of spending when government spending increases.6. Study Questions and Problems #6 Consider an economy that is operating at the fullemployment level of real GDP with MIC = 0.7. The shortrun effect an equilibrium real GDP of a $50 billion increase in government spending (G), balanced by a $50 billion increase in taxes, is a billion v in real GDP. Suppose that the MPC in a country is 0.8. Complete the following table by calculating the change in GDP predicted by the multiplier process given each fiscal policy change listed. Resulting Change in GDP Fiscal Policy Change (Billions of dollars) $100 billion increase in government spending (G) $100 billion decrease in taxes (T) $100 billion increase in government spending (G) and $100 billion increase in taxes (T)5. Study Questions and Problems #5 Suppose you are an economic adviser to the president, and the economy needs a real GDP increase of $600 billion to reach full employment equiliblium. If the marginal propensity to consume (MPC) is 0.75 and you are a Keynean, Congress must increase government spending by billion to restore the economy to full employment