Figure 3-2
-Refer to the information above.What is the equilibrium level of GDP?
A) 300
B) 400
C) 450
D) 525
Correct Answer:
Verified
Q28: An increase in autonomous taxes
A)increases autonomous planned
Q29: Figure 3-2 Q30: An increase in the marginal propensity to Q31: Assume that the economy is initially at Q32: The size of the multiplier depends in Q34: In equilibrium,with exports equal to imports it Q35: An exogenous rise in government expenditures will Q36: Assuming that there are NO income taxes,if Q37: If disposable income increases by $100 and Q38: Figure 3-2
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