The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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Chapter 30, Problem 1IAPA

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The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57. Economist Robert Barro argues that the government purchases multiplier would be lower than the administration's estimate, and economists Lawrence Christiano, Martin Eichenbaum, and Sergio Rebelo argued that the multiplier would be higher than the administration's estimate. when the unemployment rate is high; when the value of the dollar is depreciating against foreign currencies when the federal budget is in surplus; when government transfer payments are declining during wartime; when short-term interest rates are near zero during a recession; when the inflation rate is relatively low

If the propensity to consume decreases from 95% to 80%, then Fiscal stimulus multiplier does what? Please use the multiplier effect.

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Answer 2

Question

Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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Answer 3

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Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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Answer 4

Question

Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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Answer 5

Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Answer 6

Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Answer 7

Chapter 30, Problem 1IAPA

To determine

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Answer 8

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Answer 11

Ch. 30 - Prob. 1SPPA Ch. 30 - Prob. 2SPPA Ch. 30 - Prob. 3SPPA Ch. 30 - Prob. 4SPPA Ch. 30 - Prob. 5SPPA Ch. 30 - Prob. 6SPPA Ch. 30 - Prob. 7SPPA Ch. 30 - Prob. 8SPPA Ch. 30 - Prob. 9SPPA Ch. 30 - Prob. 1IAPA

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Solution Summary: The author explains the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team.

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

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Chapter 30 Solutions

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Solution Summary: The author explains the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team.

To find: The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.

Want to see the full answer?

Chapter 30 Solutions

To find:

The amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person O's team and the amount of fiscal stimulus required to close the output gap if the multiplier was as large as believed by the Person M's team.