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Title: Assume that taxes depend on income and the MPC is 0.9 and t is 0.3. An increase in taxes of $10 bill Post by: NYC on Jan 12, 2016 Assume that taxes depend on income and the MPC is 0.9 and t is 0.3. An increase in taxes of $10 billion will decrease equilibrium income by:
A) $37 billion. B) $27 billion. C) $16.5 billion. D) $24.3 billion. Title: Re: Assume that taxes depend on income and the MPC is 0.9 and t is 0.3. An increase in taxes of $10 Post by: Jesslyn on Jan 19, 2016 Content hidden
Title: Re: Assume that taxes depend on income and the MPC is 0.9 and t is 0.3. An increase in taxes of $10 bill Post by: NYC on Jan 28, 2016 Good answer, thanks.
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