Exhibit 11-2

-Refer to the graph in the exhibit.Consider an economy characterized by the aggregate expenditure line.Suppose autonomous net taxes decreased by $100.What would the equilibrium real GDP be equal to?
A) $400
B) $500
C) $600
D) $700
Correct Answer:
Verified
Q16: Which of the following is an example
Q17: Which of the following is NOT a
Q18: Which of the following illustrates the use
Q19: Why are government purchases assumed to be
Q20: What is the distinction between discretionary fiscal
Q22: Exhibit 11-2 Q23: Suppose the net taxes on the quantity
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