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mdagenh1 mdagenh1
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5 years ago

Question 1.

If the tax multiplier is -4 and taxes are reduced by $35 billion, output



▸ falls by $8.75 billion.

▸ falls by $140 billion.

▸ increases by $140 billion.

▸ increases by $8.75 billion.

Question 2.

If the tax multiplier is -15 and taxes are increased by $150 billion, output



▸ falls by $2,250 billion.

▸ falls by $10 billion.

▸ increases by $10 billion.

▸ increases by $2,250 billion.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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krobdancekrobdance
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5 years ago
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