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Author Question: If government spending is increased by $1,000 and taxes are increased by $1,000, the equilibrium ... (Read 88 times)

tingc95

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on: Apr 19, 2019

Question 1

If government purchases are increased by $30, taxes are reduced by $30, and the 
MPC is 0.75, equilibrium output will change by


◦ $900.
◦ $210.
◦ $30.
◦ zero.

Question 2

If government spending is increased by $1,000 and taxes are increased by $1,000, the equilibrium level of income will


◦ decrease by $1,000.
◦ not change.
◦ increase by $1,000.
◦ increase by $2,000.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by tingc95 on Apr 19, 2019

peter

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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.
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tingc95

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

meow1234

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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