Question: The article can be located here frbsf.org then type The COVID-19 Fiscal Multiplier: Lessons from the Great Recession https://www.frbsf.org/economic-research/publications/economic-letter/2020/may/covid-19-fiscal-multiplier-lessons-from-great-recession/ Please answer this question that are

The article can be located here

frbsf.org then type The COVID-19 Fiscal Multiplier: Lessons from the Great Recession

https://www.frbsf.org/economic-research/publications/economic-letter/2020/may/covid-19-fiscal-multiplier-lessons-from-great-recession/

Please answer this question that are economic based:

According to the article, why is the MPC higher for"liquidity-constrained" householdscompared to those that have liquid assets or can easily borrow when needed? [7]

Answer:

According to the article, the 2020 fiscal stimulus package amounts to about 11% of the 2019 US GDP. Given the article's conclusion about the range of the fiscal multiplier under current conditions, how much the US GDP is expected to rise in the next couple of years as a result of the fiscal stimulus? [8]

Answer:

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