In the Basic Keynesian Model,to Close an Expansionary Gap of $10

question 202

Multiple Choice

In the basic Keynesian model,to close an expansionary gap of $10 billion,taxes must be

• A) increased by $10 billion.
• B) decreased by $10 billion.
• C) increased by more than $10 billion.
• D) increased by less than $10 billion.
• E) decreased by less than $10 billion.

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Definitions:

Organizational

Relating to the structure or functioning of an organization or the collective group organized for a particular purpose.

Operational

Pertaining to the daily activities and functions necessary for an organization or system to run efficiently and effectively.

State of Crisis

A situation or period in which an organization or community faces significant challenges or threats that require immediate and effective response.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.