Show the current economic situation

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Reference no: EM13157146

The economy is in a recessionary trend. Current GDP is $14.5 trillion And full-employment GDP needs to be $15 trillion. Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.

Reference no: EM13157146

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