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Home Q & A Board Other Fields Homework Help Business Economics
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coolcat coolcat
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5 years ago

Question 1.

If the government increases taxes by $4 billion and increases spending by $4 billion, equilibrium output increases by $4 billion.



▸ true

▸ false

Question 2.

A tax cut of $12 billion will have less effect on the economy than an increase in government purchases of $12 billion.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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RNIPPRNIPP
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5 years ago
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