Consider a Macro Model with a Constant Price Level and Demand

question 101

Multiple Choice

Consider a macro model with a constant price level and demand -determined output. A rise in the net tax rate
The simple multiplier and equilibrium national income.

• A) lowers; has no effect on
• B) lowers; lowers
• C) lowers; raises
• D) raises; raises
• E) raises; has no effect on

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Definitions:

Williamson Ether Synthesis

A method for preparing ethers by reacting an alkyl halide with an alkoxide ion, a fundamental reaction in organic chemistry to form ether bonds.

Ether

Organic compounds that are defined by having an oxygen atom bonded to two alkyl or aryl groups.

Carboxylic Acid

Organic acids characterized by the presence of at least one carboxyl group, which consists of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group.

Alcohol

A compound containing one or more hydroxyl (OH) groups attached to a carbon atom.