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Economics

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Jun 5, 2024

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E Question ; Al When a country's economy is producing at a level that exceeds its potential GDP, the standardized employment budget will show a than the actual budget. « Your answer(s) é Attempt 1: smaller deficit A Question - If the economy is producing less than its potential GDP, will show a larger deficit than the actual budget. Your answer(s) : é Attempt 1: the standardized employment budget Question ‘ A consensus estimate based on a number of studies suggests that if there is an increase in budget deficits (or a fall in budget surplus) by 1% of GDP it will most likely cause which of the following? Your answer(s) Q Attempt 1: An increase of 0.5-1.0% in the long-term interest rate. Question If government tax policy requires Peter to pay $15,000 in tax on annual income of $200,000 and Paul to pay $10,000 in tax on annual income of $100,000, then the tax policy is Your answer(s) é Attempt 1: regressive B e e e 3 . e
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