suppose the actual GDP is $15 trillion & the potential real GDP is $18 trillion. If the

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suppose the actual GDP is $15 trillion & the potential real GDP is $18 trillion. If the MPS is .03

What kind of GDP is this economy experiencing?

what kind fiscal policy & monetary policy would u recommend to eliminate the gap (include a graph to illustrate the relationship)

By how much the government should change taxes to eliminate the gap?

Related Book For answer-question

Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Feb 23, 2024 05:09 AM

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suppose the actual GDP is $15 trillion & the potential real GDP is $18 trillion. If the

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Expert Answer:

Given the provided information Actual GDP 15 trillion Potential Real GDP 18 trillion MPS Marginal Propensity to Save 003 1 Type of GDP Since the actua... View the full answer

Macroeconomics

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