32. a. b. 31. What is the maximum change in equilibrium real GDP that could occur as result of a one-time $50 billion tax cut if the MPC is 0.75? C. d. b. 6/8 C. An example of automatic fiscal policy is: a. d. 100% $200 billion decrease $200 billion increase $150 billion decrease $150 billion increase + | an increase in the number of people receiving unemployment benefits during an economic downturn. Congress approving a government spending increase in order to stimulate aggregate demand when the economy is in a recession. lower interest rates leading to increases in private consumption and investment spending. the President issuing an executive order limiting the ability of people to become U.S. citizens.

32. a. b. 31. What is the maximum change in equilibrium real GDP that could occur as result of a one-time $50 billion tax cut if the MPC is 0.75? C. d. b. 6/8 C. An example of automatic fiscal policy is: a. d. 100% $200 billion decrease $200 billion increase $150 billion decrease $150 billion increase + | an increase in the number of people receiving unemployment benefits during an economic downturn. Congress approving a government spending increase in order to stimulate aggregate demand when the economy is in a recession. lower interest rates leading to increases in private consumption and investment spending. the President issuing an executive order limiting the ability of people to become U.S. citizens.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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