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CroweN6459 CroweN6459
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5 years ago

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.

If government spending is increased by $550 and taxes are increased by $550, the equilibrium level of income will



▸ decrease by $550.

▸ not change.

▸ increase by $550.

▸ increase by $1,100.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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IsackIsack
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5 years ago
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CroweN6459 Author
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5 years ago
Just got PERFECT on my quiz
aricketts6@
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Yesterday
Thank you, thank you, thank you!
annabananerz
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2 hours ago
Thanks for your help!!
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