Real GDP Consumption (dollars) expenditure (dollars) 10 22.5 20 30 30 37.5 40 45 50 52.5 60 60 LAS 160 * SAS 150 140 130 을 120 AD 20 Real GDP (trillions of 2000 dollars) 8. 12 16 24 In the above table and figure, supposed that there is no import or proportional tax. To pull the economy back to the long-run equilibrium, the government can conduct a balanced budget operation by spending $ trillion. O 1) 1 O 2) 2 3) 4 4)8 el (GDP deflator, 2000 = (00L

Real GDP Consumption (dollars) expenditure (dollars) 10 22.5 20 30 30 37.5 40 45 50 52.5 60 60 LAS 160 * SAS 150 140 130 을 120 AD 20 Real GDP (trillions of 2000 dollars) 8. 12 16 24 In the above table and figure, supposed that there is no import or proportional tax. To pull the economy back to the long-run equilibrium, the government can conduct a balanced budget operation by spending $ trillion. O 1) 1 O 2) 2 3) 4 4)8 el (GDP deflator, 2000 = (00L

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 1.7P

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