-Refer to the Graph Above to Answer This Question

question 120

Multiple Choice

-Refer to the graph above to answer this question.What does this graph indicate?

• A)That Y1,Y2 and Y3 could all be equilibrium levels of real GDP.
• B)That Y2 is the equilibrium level of real GDP.
• C)That government spending and the size of the budget surplus or deficit are unrelated.
• D)That net tax revenues depend on tax rates but not on the level of real GDP.
• E)That the budget line is unrelated to NTR.

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Definitions:

Strategic Planning

Strategic Planning is the process by which an organization defines its strategy, direction, and decision-making on resource allocation to pursue its long-term goals.