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Author Question: The mpcd = 0.8. Suppose that in the next Budget, the Chancellor decides to cut taxes by 50 million. ... (Read 63 times)

BrownTown3

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on: May 25, 2020

Question 1

Deliberate changes in tax rates and levels of government spending to influence the level of aggregate demand are called
◦ crowding out.
◦ automatic stabilisers.
◦ fiscal stance.
◦ discretionary fiscal policy.

Question 2

The mpcd = 0.8. Suppose that in the next Budget, the Chancellor decides to cut taxes by £50 million. What will be the effect on national income?
◦ National income will rise by £250 million.
◦ National income will rise by £200 million.
◦ National income will rise by £40 million.
◦ National income will fall by £200 million.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by BrownTown3 on May 25, 2020

sylvia

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Reply #1 on: May 25, 2020
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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BrownTown3

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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