Author Question: A change in net taxes affects the equilibrium quantity of GDP demanded_____. a. in the same way as ... (Read 70 times)

ss2343 · **on:** Jun 30, 2018

A change in net taxes affects the equilibrium quantity of GDP demanded_____.
a. in the same way as a change in government purchases does
b. in the same way as a change in planned investment does
c. in the same way as a change in net exports does
d. only indirectly, changing the level of disposable income
e. in an unpredictable manner

Question 2

Marginal cost is calculated by dividing the change in total cost by the change in total output.
a. True
b. False
Indicate whether the statement is true or false