With the Expenditures Programs and the Tax System Shown in the Above

question 233

Multiple Choice

With the expenditures programs and the tax system shown in the above diagram:

• A)the public budget will be expansionary at all GDP levels above K, and contractionary at all GDP levels below K.
• B)the public budget will be a destabilizing force at all levels of GDP.
• C)deficits will be realized at income levels below K, and surpluses above K.
• D)deficits will be realized at income levels below H, and surpluses above H.

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