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answerhappygod
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- 10 Refer To Table 9 3 Suppose The Economy Is In Equilibrium And The Government Raises Taxes From 200 Million To 220 1 (13.37 KiB) Viewed 38 times
- 10 Refer To Table 9 3 Suppose The Economy Is In Equilibrium And The Government Raises Taxes From 200 Million To 220 2 (25.73 KiB) Viewed 38 times
10) Refer to Table 9.3. Suppose the economy is in equilibrium and the government raises taxes from $200 million to $220 million, equilibrium output will by $ million. A) decrease; 20 B) increase; 20 C) decrease; 80 D) increase; 80 Answer: C Diff: 2 Topic: Fiscal Policy at Work: Multiplier Effects Skill: Analytic AACSB: Analytic Skills
Table 9.3 All Numbers are in $ Million Output Net Planned (Income) Taxes Consumption Savings Investment 1,000 200 120 200 1,100 200 760 140 200 1,200 200 840 200 1,300 200 930 200 1,400 200 1,000 200 1,500 200 1,080 200 1,600 200 1,160 200 160 180 200 220 246 Planned Government Spending 200 200 200 200 200 200 200
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