The President of Vulcan Hires You as an Economic Consultant

question 81

Multiple Choice

The President of Vulcan hires you as an economic consultant. He is concerned that the output level in Vulcan is too high and that this will cause prices to rise. He feels that it is necessary to reduce output by $10 billion. He tells you that the MPC in Vulcan is 0.6. Which of the following would be the best advice to give to the Vulcan president?

• A) reduce government purchases by $4 billion
• B) increase taxes by $10 billion
• C) reduce government purchases by $10 billion
• D) increase taxes by $2.5 billion

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Definitions:

Date Navigator

Date navigator is a calendar interface feature in software that lets users navigate through dates, often used in scheduling or planning applications.

Current Month

Refers to the ongoing month at the time of reference.

Show As Button

An option on various software interfaces that displays toolbar items as buttons for easy access and identification.

Appointment Status

An indication of the current condition or progression of a scheduled meeting or event, such as confirmed, pending, or cancelled.