Describe the outcomes of the two different policies

Reference no: EM13184101

If the full employment level of income of a country were $1.5 trillion, and the actual level of income were $1.2 trillion:

Identify what problem this economy is facing and describe two specific policies the Federal Government might follow assuming the MPC in this economy is 0.67. Provide specific numbers when describing the outcomes of the two different policies and explain your work.

Reference no: EM13184101

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