This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume that taxes depend on income and the MPCis 0.6 and tis 0.3. An increase in taxes of $10 ... (Read 157 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Apr 19, 2019

Question 1

If taxes depend on income and the 
MPC is 0.6 and 
t is 0.3, the tax multiplier is


◦ -1.03.
◦ -1.72.
◦ -2.0.
◦ -2.24.

Question 2

Assume that taxes depend on income and the 
MPC is 0.6 and 
t is 0.3. An increase in taxes of $10 billion will decrease equilibrium income by


◦ $10.3 billion.
◦ $17.2 billion.
◦ $20.0 billion.
◦ $22.4 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Coya19@aol.com on Apr 19, 2019

Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
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.
Answer Preview
Only 25% of students answer this correctly


Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
Reply #2 on: Apr 19, 2019
Thanks


Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo Risks of infectious disease increase in (a) high-density agricultural populations compared to (b) lo
Sociologists use income, education, and occupational prestige to measure social class. For most ... Sociologists use income, education, and occupational prestige to measure social class. For most ...
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Modern machinery has helped farmers increase yields Modern machinery has helped farmers increase yields
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Video: Genetic terms Animation

For a complete list of videos, visit our video library