Author Question: Refer to the information provided in Figure 24.5 below to answer the question(s) that follow. Refer ... (Read 14 times)

littleanan · **on:** Apr 19, 2019

Question 1

If the tax multiplier is -12 and taxes are increased by $6 billion, output

◦ falls by $2 billion.
◦ falls by $72 billion.
◦ increases by $2 billion.
◦ increases by $72 billion.

Question 2

Refer to the information provided in Figure 24.5 below to answer the question(s) that follow.

Refer to Figure 24.5. Which of the following equations best represents the aggregate expenditure function?

◦ AE = 1,600 + 0.4
Y
◦ AE = 400+ 0.75
Y
◦ AE = 1,200 + 0.8
Y
◦ AE = 1,000 + 0.5
Y

Andromeda18 · **Reply #1 on:** Apr 19, 2019

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