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Author Question: Multiplier Effects of Transfer Payments and TaxesAssume the tax multiplier is -7.5, real GDP is $427 ... (Read 50 times)

heatherbabydoll1

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on: Nov 23, 2022
Multiplier Effects of Transfer Payments and Taxes

Assume the tax multiplier is -7.5, real GDP is $427 billion, and potential real GDP is $439 billion. By how much would taxes need to be cut to restore the economy to potential real GDP? (Round to the nearest hundredth when necessary.)
◦ $90 billion
◦ $0.8 billion
◦ $12 billion
◦ $1.6 billion
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by heatherbabydoll1 on Nov 23, 2022

bleep bloop

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Reply #1 on: Nov 23, 2022
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.
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heatherbabydoll1

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
:D TYSM

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