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jujubee600 jujubee600
wrote...
Posts: 467
4 years ago

Question 1.

If government purchases are decreased by $800 and taxes are decreased by $800, the equilibrium level of income will



▸ decrease by $800.

▸ increase by $800.

▸ not change.

▸ decrease by $1600.

Question 2.

Suppose that in the beginning of 2016 the federal debt was $9 trillion. During 2016, the government balanced its budget. At the end of 2016, the federal debt



▸ increased.

▸ stayed the same.

▸ decreased.

▸ was eliminated.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 65 times
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Answer verified by a subject expert
aishasuaishasu
wrote...
Posts: 407
4 years ago
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jujubee600 Author
wrote...
4 years ago
Thanks
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