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Suppose that the marginal propensity to consume is 0.75.
a. If the government decreases spending by $500 billion,what is the change in output?
b. If the government decreases taxes by $500 billion,what is the change in output?
c. If the government decreases spending by $500 billion and at the same time decreases taxes by $500 billion,what is the change in output?
Assault
An act of physical attack or a threat of attack that makes another person fear imminent bodily harm.
Batteries
Batteries, in a legal context, refers to the intentional and unlawful physical contact or force against another person; in a general context, it refers to devices that store and provide electrical energy.
Tort Law
The area of law that deals with civil wrongs, not arising from contractual obligations, where an injured party can seek compensation from the party causing the harm.
Prevent Future Harms
Measures or actions taken to stop or reduce the likelihood of adverse effects or damages occurring in the future.
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