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Identify the least amount the government

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Assume that in the year 2025 the US economy is in a recession that would require a $1 Trillion increase in total spending to get back to full employment output. Answer the following questions assuming that the marginal propensity to consume is 0.8. 11. Identify the least amount the government could spend to get the economy back to full employment. Show your work.

Reference no: EM133131396

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