ECON 101 - If the govt. wants to decrease RGDP by $40 billion

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Question # 00645684 Posted By: dr.tony Updated on: 02/02/2018 09:05 AM Due on: 02/02/2018

Subject Economics Topic General Economics Tutorials:

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-?macroeconomics

7. If the govt. wants to decrease RGDP by $40 billion and MPC equals 0.8, how much must the govt. increase taxes? _______

8. If the MPC equals 0.9 and the Pres. and Congress increase fiscal spending by $60 billion, how much will RGDP increase? _______

9. If the MPC equals 0.8 and the Pres. and Congress decrease income taxes by $60 billion, how much will RGDP increase?

10. If the MPC equals 0.75 and Pres. & Congress increases taxes by $30 billion and decreases govt. spending by $30 billion, how will RGDP change?

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score 3 · Accepted Answer · 02/02/2018 09:05 AM

Solution: ECON 101 - If the govt. wants to decrease RGDP by $40 billion

Tutorial # 00644519 Posted By: dr.tony Posted on: 02/02/2018 09:05 AM

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