Suppose that real GDP is currently $13.6 trillion and potential real GDP is $14.0 trillion, or a gap of $400 billion. The government purchases multiplierLOADING... is 5.0, and the tax multiplier is 4.0. Holding other factors constant, by how much will government purchases need to be increased to bring the economy to equilibrium at potential GDP? Government spending will need to be increased by $ nothing billion. (Enter your response rounded to the nearest whole number.)
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(increase in Government spending)
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Suppose that real GDP is currently $13.6 trillion and potential real GDP is $14.0 trillion, or a gap...
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