The following equations describe a closed economy, where Y* is potential GDP.

C = 10+0.8(Y-T)

I^P = 240

G = 60

T = 50

Y* = 1,200

To close the output gap in this economy, what is the required change in government expenditure?

Where ___ the Masons buy their fruit?

When ___ the first lesson start?

Doris and Eric read comics, but they ___ read books.

Mr Nelson speaks Spanish, but he ___ speak German.

Consider this statement and fill in the blanks with the appropriate words:

“An automatic fiscal stabiliser is a tax or transfer system that – once in place – acts to _______________ the effects of ____________ changes in expenditure on the magnitude of business cycle fluctuations.”