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Author Question: According to this Application, in exchange for the federal government absolving their debts, the ... (Read 48 times)

bucstennis@aim.com

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on: Jun 30, 2018
According to this Application, in exchange for the federal government absolving their debts, the states were willing to give up their ability to raise revenue from collecting
 
  A) property taxes. B) income taxes. C) import tariffs. D) all of the above.

Question 2

What is the significance of the multiplier? What causes the multiplier to be larger or smaller?
 
  What will be an ideal response?


shewald78

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

The multiplier is important because it means that a relatively small change in autonomous spending, such as investment spending or net exports, can have a much larger effect on total spending and real Gross Domestic Product (GDP). The greater the marginal propensity to consume (MPC), the greater the multiplier because more of a given increase in income is spent, raising the income of other people by more.


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