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NYC NYC
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8 years ago
Assume that taxes depend on income. The MPC is 0.8 and t is 0.5. If government purchases increase by $100 billion, the equilibrium level of output will increase by:
A) $192.31 billion.
B) $215.9 billion.
C) $167 billion.
D) $57.5 billion.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
I was thinking the same, thank you
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