Suppose that the government is currently in a recession and elected officials have reached a conclusion that fiscal stimulus is needed. A new fiscal stimulus law (that was just passed) will involve spending $150 billion. Economists have informed you that the spending multiplier in the economy is 2.5 What is the total macroeconomic impact of the fiscal stimulus?

The total macroeconomic impact of the fiscal stimulus is $375 billion.

Explanation:

In macroeconomics, a sending multiplier refers to a propositional factor that has a primary function of measuring the extent of the effect of a change in gross domestic product (GDP) as a result of a change in expenditure.

In order to determine the total macroeconomic impact of the fiscal stimulus, we just need to obtain the product of the spending and multiplier as follows:

Total macroeconomic impact = Spending * spending multiplier (1)

Where;

Spending = $150 billion

Spending multiplier = 2.5

Substituting the values into equation (1), we have:

Total macroeconomic impact = $150 billion * 2.5 = $375 billion

Therefore, the total macroeconomic impact of the fiscal stimulus is $375 billion.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.