please state which one the answer isMany thanks - question is attached Look at Figure 3. Assume this aggregate demand diagram represents an economy with government,where:a exogenous consumptionb= the marginal propensity to consumet= the tax rate| = investmentG= government spendingY = incomeFigure 3AggregatedemandAD,AD.45°IncomeSelect the option that describes a possible scenario shown by the shift from ADo to AD, in Figure 3.Select one:O Rise in tax rate and rise in government spending.O Rise in tax rate and fall in government spending.O Fall in tax rate and fall in government spending.O Fall in tax rate and rise in government spending.

Aggregate demand = consumption spending + investment spending + government spending + net exports.

Look at Figure 3. Assume this aggregate demand diagram represents an economy with government, where: a = exogenous consumption b the marginal propensity to consume t = the tax rate | investment G = government spending Y= income Figure 3 Aggregate demand AD AD. 450 Income Select the option that describes a possible scenario shown by the shift from ADo to AD, in Figure 3. Select one: O Rise in tax rate and rise in government spending. O Rise in tax rate and fall in government spending. O Fall in tax rate and fall in government spending. O Fall in tax rate and rise in government spending.

Look at Figure 3. Assume this aggregate demand diagram represents an economy with government, where: a = exogenous consumption b the marginal propensity to consume t = the tax rate | investment G = government spending Y= income Figure 3 Aggregate demand AD AD. 450 Income Select the option that describes a possible scenario shown by the shift from ADo to AD, in Figure 3. Select one: O Rise in tax rate and rise in government spending. O Rise in tax rate and fall in government spending. O Fall in tax rate and fall in government spending. O Fall in tax rate and rise in government spending.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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