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The Deepest the Output Gap Was During the Great Recession

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The deepest the output gap was during the Great Recession was -7.46 percent in July 2009. Many believe that the multiplier used was 1.5. If this is true, what is The deepest the output gap was during the Great Recession was -7.46 percent in July 2009. Many believe that the multiplier used was 1.5. If this is true, what is ? What is if the multiplier used was 1.25? What would the percent change in government expenditure be to close this gap, assuming monetary policy is not being used?
? What is The deepest the output gap was during the Great Recession was -7.46 percent in July 2009. Many believe that the multiplier used was 1.5. If this is true, what is ? What is if the multiplier used was 1.25? What would the percent change in government expenditure be to close this gap, assuming monetary policy is not being used?
if the multiplier used was 1.25? What would the percent change in government expenditure be to close this gap, assuming monetary policy is not being used?

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The multiplier is derived from the IS co...

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