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Author Question: Taxes are increased by $50 billion and income decreases by $300 billion. The value of the tax multiplier is (Read 108 times)

formula1

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Question 1

If the 
MPC is 0.6, the tax multiplier is


◦ -0.6.
◦ -1.5.
◦ -2.5.
◦ -4.

Question 2

Taxes are increased by $50 billion and income decreases by $300 billion. The value of the tax multiplier is


◦ -3.
◦ -5.
◦ -6.
◦ -15.


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Marked as best answer by formula1 on Apr 19, 2019

chem1s3

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formula1

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


dreamfighter72

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Reply 3 on: Yesterday
Excellent

 

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