The tax multiplier is the
A) magnification effect of a change in taxes on aggregate supply.
B) magnification effect of a change in taxes on aggregate demand.
C) magnification effect of a change in taxes on the national debt.
D) magnification effect of a change in taxes on government expenditures.
E) magnification effect of a change in taxes on the budget deficit.
Correct Answer:
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Q7: The standard view in economics is that
Q8: The national debt can only be reduced
Q9: Discretionary fiscal policy is handicapped by
A)law-making time
Q10: If the government uses fiscal policy to
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