Price Level 1200 1100 1000 900 800 700 600 500 400 300 200 100 AD SRAS LRAS 0 0 100 200 300 400 500 600 700 800 900 1000 1100 1200 Real GDP 4. In the image above, what kind of gap is shown? What kind of fiscal policy (expansionary or contrac- tionary) would be appropriate? 5. Suppose the MPC is .5. What is the spending multiplier? 6. Using your answer above, how much should the government decrease spending in order to close the gap?

PLS HELP ASAP

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:-  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Typed plz and asap please provide me a quality solution for better ratings and take care of plagiarism also ( please I need it asap I will up vote thanks )

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Note:-  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x)  When a taxpayer attempts to legally reduce her tax liability, she is engaging in “tax evasion” and when an individual fraudulently avoids paying taxing, she is engaging in “tax avoidance”. (y)  One tax system is considered more efficient than another if it raises the same amount of tax revenue at a lower cost to taxpayers. (z)  Part of the administrative burden of a tax is associated with the headache of filling out tax forms imposed on taxpayers who comply with the tax. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only