Answer to Question #332888 in Microeconomics for Unknown

Question

Assume that Malaysia is a closed economy without a government. Now under new leadership they decided to introduce government and taxation into the economy. Use the following information to solve the question.

Autonomous ption=2 000 million

Autonomous ent = 1500 million

Autonomous government spending =1200 r million

c = 0.65

t = 0.15

Full employment =6 5c million

To reach full employment, government spending should be adjusted by...

O a. 2 459 million.

O b. 1745 million

O c. 2 459 million -

Answer 1

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