This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that taxes depend on income and the MPCis 0.8 and tis 0.4. An increase in taxes of $10 ... (Read 89 times)

tfester

  • Hero Member
  • *****
  • Posts: 534
on: Apr 19, 2019

Question 1

If taxes depend on income and the 
MPC is 0.8 and 
t is 0.4, the tax multiplier is


◦ -1.54.
◦ -1.92.
◦ -2.5.
◦ -2.7.

Question 2

Assume that taxes depend on income and the 
MPC is 0.8 and 
t is 0.4. An increase in taxes of $10 billion will decrease equilibrium income by


◦ $15.4 billion.
◦ $19.2 billion.
◦ $25 billion.
◦ $27 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tfester on Apr 19, 2019

Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


tfester

  • Member
  • Posts: 534
Reply 2 on: Apr 19, 2019
:D TYSM

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
Does Intelligence Increase with Brain Size? Does Intelligence Increase with Brain Size?
Global Stratification: Income of the World's Nations Global Stratification: Income of the World's Nations
Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure Risk of Stroke and Heart Disease Increase with Increasing Blood Pressure
Nonlinear increase in saturation vapor pressure with increase in temperature. Nonlinear increase in saturation vapor pressure with increase in temperature.
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Types of Burns

For a complete list of videos, visit our video library