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If the MPC is .9,a $20 billion increase in a lump-sum tax will reduce GDP by $200 billion.
Q32: Suppose that real domestic output in an
Q34: The crowding-out effect may be dampened if
Q42: The average propensity to consume can be
Q91: When deriving the aggregate demand (AD) curve
Q98: The real-balances effect indicates that:<br>A)an increase in
Q104: Which of the following is likely to
Q112: An expansionary fiscal policy is shown as
Q155: A chartered bank has demand-deposit liabilities of
Q161: An increase in taxes will have a
Q229: Other things equal, the effect of a