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Author Question: Tax cuts on business income ________ aggregate demand. A) would increase B) would not change C) ... (Read 80 times)

mckennatimberlake

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on: Jun 29, 2018
Tax cuts on business income ________ aggregate demand.
 
  A) would increase B) would not change
  C) may increase or decrease D) would decrease

Question 2

Refer to Figure 23-4. Potential GDP equals 100 billion. The economy is currently producing GDP1 which is equal to 90 billion. If the MPC is 0.8, then how much must autonomous spending change for the economy to move to potential GDP?
 
  A) -18 billion B) -2 billion C) 2 billion D) 18 billion


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heinisk01

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sailorcrescent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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