« previous next »

Author Question: Within the simple Keynesian model with lump-sum taxes, if the MPC (b) were 0.75 then if taxes rise ... (Read 69 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Within the simple Keynesian model with lump-sum taxes, if the MPC (b) were 0.75 then if taxes rise by 200 then income
 
  a. rises by 800.
  b. falls by 200.
  c. falls by 800.
  d. rises by 200.
  e. falls by 800.

Question 2

According to Figure 3.2, the marginal product of labor
 
  a. falls short of the real wage at point
  b. b. is higher at point a than at point e.
  c. equals the real wage at point c.
  d. All of the above
  e. None of the above.


Sassygurl126

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Relatively simple changes in Hox genes control limb formation in tetrapods. Relatively simple changes in Hox genes control limb formation in tetrapods.
Cutaway Model of Earth Cutaway Model of Earth
Oil drop model of protein folding Oil drop model of protein folding
Information Processing Model The components of the model operate simultaneously. Information Processing Model The components of the model operate simultaneously.
Charles and Ray Eames, Side Chair, Model DCM. Charles and Ray Eames, Side Chair, Model DCM.
How to calculate simple interest (Part 4; P = I/rt) How to calculate simple interest (Part 4; P = I/rt)
Video: Polysaccharides

For a complete list of videos, visit our video library