EconomicsThe marginal propensity to consume is 0.8, the marginal tax rate is 02. and the marginal propensity to import is 0.14. The price level is fixed. The autonomous tax muluplier isIf the autonomous taxbythe equilibrium real GDPbyO A. decreases; 20, increases; 32O B. increases; 12; increases: 30O C. decreases; 20, increases; 60OD.increases: 12; decreases, 30O E. decreases; 30; decreases; 4834

In the Keynesian macroeconomics model, the equilibrium level of output in the goods market is…

Mhe marginal propensity to consume is 0.8, the marginal tax rate is 0.2, and the marginal propensity to import is 0.14. The price level is fixed. The autonomous tax multiplier is If the autonomous tax by the equilibrium real GDP by O A. decreases; 20, increases: 32 O B. increases, 12, increases; 30 Oc. decreases; 20, increases; 60 O D. increases, 12; decreases, 30 O E. decreases; 30; decreases; 48

Mhe marginal propensity to consume is 0.8, the marginal tax rate is 0.2, and the marginal propensity to import is 0.14. The price level is fixed. The autonomous tax multiplier is If the autonomous tax by the equilibrium real GDP by O A. decreases; 20, increases: 32 O B. increases, 12, increases; 30 Oc. decreases; 20, increases; 60 O D. increases, 12; decreases, 30 O E. decreases; 30; decreases; 48

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 2.9P

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