Suppose that an economy is in equilibrium at a level of output of $2000 million. Suppose further that the full employment level output is $600 million. What can the President along with Congress do in order to attain the full employment output? Group of answer choices Increase the taxes. Increase the government spending. Sell government securities. Buy government securities.
Suppose that an economy is in equilibrium at a level of output of $2000 million. Suppose further that the full employment level output is $600 million. What can the President along with Congress do in order to attain the full employment output? Group of answer choices Increase the taxes. Increase the government spending. Sell government securities. Buy government securities.
Chapter15: Fiscal Policy
Section: Chapter Questions
Problem 1SQ
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Question
Suppose that an economy is in equilibrium at a level of output of $2000 million. Suppose further that the full employment level output is $600 million. What can the President along with Congress do in order to attain the full employment output?
Group of answer choices
Increase the taxes.
Increase the government spending.
Sell government securities.
Buy government securities.
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