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Author Question: Which of the following changes in taxes would lead to the smallest increase in consumption? a. a ... (Read 49 times)

ahriuashd

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  • Posts: 535
on: Jun 30, 2018
Which of the following changes in taxes would lead to the smallest increase in consumption?
 a. a 20,000 decrease in taxes, if MPC equals 0.5
  b. a 12,000 decrease in taxes, if MPC equals 0.75
  c. a 15,000 decrease in taxes, if MPC equals 0.6
  d. a 30,000 decrease in taxes, if MPC equals 0.25

Question 2

The reduction in the U.S. government deficit in the early 1990s was the result of strong economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false


Bsand8

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


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