Refer to the information provided in Table 24.8 below to answer the question(s) that follow.
Table 24.8
All Figures in Billions of Dollars

-Refer to Table 24.8. If taxes are reduced from $100 billion to $50 billion, the new equilibrium level of output is
A) $4,050 billion.
B) $3,850 billion.
C) $2,100 billion.
D) $1,600 billion.
Correct Answer:
Verified
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