According to Bernanke's policy guide below, Bernanke's 1/4 point reduction in policy guide: long-term interest rate $50 billion fiscal stimulus What is the fiscal policy equivalent of a 0.5 percent cut in long-term interest rates? Instructions: Enter your response as a positive whole number (do not include a (-) negative sign). $ 200 billion Fiscal stimulus

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Problem 15-03
According to Bernanke's policy guide below,
Bernanke's 1/4 point reduction in
policy guide: long-term interest rate
What is the fiscal policy equivalent of a 0.5 percent cut in long-term interest rates?
Instructions: Enter your response as a positive whole number (do not include a (-) negative sign).
billion Fiscal stimulus
$
$50 billion
fiscal stimulus
200
Transcribed Image Text:Problem 15-03 According to Bernanke's policy guide below, Bernanke's 1/4 point reduction in policy guide: long-term interest rate What is the fiscal policy equivalent of a 0.5 percent cut in long-term interest rates? Instructions: Enter your response as a positive whole number (do not include a (-) negative sign). billion Fiscal stimulus $ $50 billion fiscal stimulus 200
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