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Author Question: Refer to the information provided in Figure 24.5 below to answer the question(s) that follow. Refer ... (Read 30 times)

littleanan

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Question 1

If the tax multiplier is -12 and taxes are increased by $6 billion, output


◦ falls by $2 billion.
◦ falls by $72 billion.
◦ increases by $2 billion.
◦ increases by $72 billion.

Question 2

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.










Refer to Figure 24.5. Which of the following equations best represents the aggregate expenditure function?


AE = 1,600 + 0.4
Y
AE = 400+ 0.75
Y
AE = 1,200 + 0.8
Y
AE = 1,000 + 0.5
Y


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Marked as best answer by littleanan on Apr 19, 2019

Andromeda18

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littleanan

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Reply 2 on: Apr 19, 2019
Excellent


milbourne11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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