11. Taxes are reduced by $50 billion and income increases by $1,000 billion. The value of the tax multiplier is: (A)-4. (B) -20, (C) -10, D) -5.
11. Taxes are reduced by $50 billion and income increases by $1,000 billion. The value of the tax multiplier is: (A)-4. (B) -20, (C) -10, D) -5.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter30: Government Budgets And Fiscal Policy
Section: Chapter Questions
Problem 6SCQ: What taxes would an individual pay if he were self-employed and the business is not incorporated?
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