Question 1
Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Refer to Figure 24.5. If the economy is in equilibrium and the government decreases spending by $100 billion, equilibrium aggregate output decreases to $________ billion.
◦ 1,500
◦ 1,400
◦ 1,200
◦ 800
Question 2
Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.
Refer to Figure 24.5. If the economy is in equilibrium and the government increases taxes by $100 billion, equilibrium aggregate output ________ to $________ billion.
◦ increases; 1,700
◦ decreases; 1,500
◦ decreases; 1,300
◦ decreases; 1,000
Lewis symbols,(Figure 1)
Midpoint Question
Economics question
economic question
economic question
MATH ODDS AND PROBABILITY PLEASE ANSWER THE PICTURE