1. According to the Keynesian-cross analysis, if MPC stands for marginal propensity to consume, then a rise in taxes of T will:
a. decrease equilibrium income by T.
b. decrease equilibrium income by T / (1 - MPC).
c. decrease equilibrium income by T (MPC) / (1 - MPC).
d. not affect equilibrium income at all.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “1. According to the Keynesian-cross analysis, if MPC stands for marginal propensity to consume, then a rise in taxes of T will: a. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When items are bought and paid for later, this is referred to as buying on account. a. True b. False
Answers (2)
Which journal entry reflects the adjusting entry needed on December 31?:In November, BOC received a $5,000 cash deposit from a customer for custom-build goods that will be delivered in January (BOC recorded an entry for this $5,000 in November).
Answers (1)
Outstanding stock of the Colt Corporation included 20,000 shares of $5 par common stockand 5,000 shares of 5%, $10 par noncumulative preferred stock. In 2009, Colt declaredand paid dividends of $2,000.
Answers (1)
Which of the following statements is true. A. Women face wage discrimination and experience lower pay within similar professions compared to men. B. Women do not experience wage discrimination at all, only younger workers. C.
Answers (2)
The frictional unemployment rate is 2.5 percent, the structural unemployment rate is 3.1 percent, and the current unemployment rate (in the economy) is 5.6. The economy is in
Answers (1)
New Questions in Business
Fun toyz corporation makes skateboards, which it sells to consumers, including holly and ira. due to a defect, holly is injured while using her new board. ira's board has the same defect, but he is not injured.
Answers (1)
What is the best definition for profit?
Answers (2)
Suppose your New Year resolution is to get back in shape. You are considering various ways of doing this: you can sign up for a gym membership, walk to work, take the stairs instead of the elevator, or watch your diet.
Answers (1)
Comparable worth refers to a. the value of a job to society. b. equal pay for different types of work that are equally demanding. c. the minimum wage. d. the relative worth of men and women in the workplace.
Answers (1)
The gross earnings of the factory workers for Larkin Company during the month of January are $73,000. The employer's payroll taxes for the factory payroll are $9,200. The fringe benefits to be paid by the employer on this payroll are $6,200.
Answers (1)