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Author Question: The President of Vulcan hires you as an economic consultant. He is concerned that the output level ... (Read 35 times)

lidoalex

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on: Apr 19, 2019

Question 1

If the government wants to reduce unemployment, government purchases should be ________ and/or taxes should be ________.


◦ increased; increased
◦ decreased; decreased
◦ decreased; increased
◦ increased; decreased

Question 2

The President of Vulcan hires you as an economic consultant. He is concerned that the output level in Vulcan is too high and that this will cause prices to rise. He feels that it is necessary to reduce output by $10 billion. He tells you that the 
MPC in Vulcan is 0.6. Which of the following would be the best advice to give to the Vulcan president?


◦ reduce government purchases by $4 billion
◦ increase taxes by $10 billion
◦ reduce government purchases by $10 billion
◦ increase taxes by $2.5 billion
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lidoalex on Apr 19, 2019

jointhecircus

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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.
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lidoalex

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Reply #2 on: Apr 19, 2019
Excellent


jointhecircus

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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