Business, 02.12.2019 21:31 teacherpreacher

Suppose the government enacts a stimulus program composed of $400 billion of new government spending and $200 billion of tax cuts for an economy currently producing a gdp of $12 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.) as a result of the stimulus? program, the? economy's gdp was increased by points over its value without the your response to two decimal the? economy's actual growth was 33 ? percent, then without the stimulus? package, growth would have been your response to two decimal places and use a minus sign if

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Suppose the government enacts a stimulus program composed of $400 billion of new government spending...

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