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Answer to Question #269954 in Macroeconomics for Anna

Question #269954

According to Keynesian economists, closing a short-run expansionary gap of $5 million means government purchases will need to be:

 

A. increased by $5 million.

B. decreased by $5 million.

C. increased by more than $5 million.

D. decreased by less than $5 million.


1
Expert's answer
2021-11-24T12:33:59-0500

A. increased by $5 million


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