10. In the Keynesian Model where the marginal propensity to consume is 0.75, a $120 rise in government purchases of goods and services will have no impact on equilibrium output if accompanied by a $600 fall in tax revenue and a $120 fall in transfers to the elderly. This is correct. a $160 fall in transfers to the poor. a $120 fall in tax revenue. a $90 rise in tax revenue.

10. In the Keynesian Model where the marginal propensity to consume is 0.75, a $120 rise in government purchases of goods and services will have no impact on equilibrium output if accompanied by a $600 fall in tax revenue and a $120 fall in transfers to the elderly. This is correct. a $160 fall in transfers to the poor. a $120 fall in tax revenue. a $90 rise in tax revenue.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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