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Author Question: The Prime Minister of Richlandia hires you as an economic consultant. He is concerned that the ... (Read 52 times)

cool

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on: Apr 19, 2019

Question 1

If the government wants to increase employment, government purchases should be ________ and/or taxes should be ________.


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

Question 2

The Prime Minister of Richlandia hires you as an economic consultant. He is concerned that the output level in Richlandia is too low and that this will cause unemployment to rise. He feels that it is necessary to increase output by $20 billion. He tells you that the 
MPC in Richlandia is 0.75. Which of the following would be the best advice to give to the Richlandian Prime Minister?


◦ Increase government purchases in Richlandia by $15 billion.
◦ Reduce taxes in Richlandia by $10 billion.
◦ Increase government purchases in Richlandia by $5 billion.
◦ Reduce taxes in Richlandia by $4 billion.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cool on Apr 19, 2019

cuttiesgirl16

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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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cool

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
:D TYSM

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