If Equilibrium GDP Is $500 Billion Greater Than Full Employment

question 254

Short Answer

If equilibrium GDP is $500 billion greater than full employment GDP and there is an inflationary gap of $250 billion,how much is the multiplier?

---

Definitions:

Self-Motive

The internal drive that propels individuals to pursue goals, make decisions, and engage in behaviors that fulfill their personal desires and needs.

Self-Enhancement

The psychological process by which individuals maintain or enhance their self-esteem and personal value.

Self-Verification

The desire and tendency of individuals to seek confirmation of their self-concept, whether positive or negative, from others.

Positive Self-Image

is the perception one has of oneself as being competent, attractive, and worthy, contributing to confidence and well-being.