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Answer 3 оf the 4 fоllоwing questions in the аnswer box below. Be sure to аnswer аll parts of your chosen qusetions, and explain your answers when asked. The "simple" multiplier from the Keynesian model is much larger than the true overall impact of new spending on the economy. Briefly explain one reason the simple multiplier estimate is larger than the true multiplier. Briefly describe/explain (don’t just list them) TWO of the characteristics an item must have in order for it to be used as money. Be sure to explain why these characteristics are important. Briefly explain the argument AGAINST forcing the government to balance it's budget (have no budget deficit) each year. The national defense argument often is used to justify a tariff or quota on goods imported from other countries. First, briefly explain the logic behind this argument. Second, briefly explain the most common problem with this argument/justification.