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28. True or False AND explain why: a. If G > T, the government budget is in a surplus. b. A tax cut will increase equilibrium Y, and a tax increase will decrease equilibrium …

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asked Apr 20, 2023 32.3k views

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28. True or False AND explain why:

a. If G > T, the government budget is in a surplus.
b. A tax cut will increase equilibrium Y, and a tax increase will decrease equilibrium Y.
c. If the MPC = .6, the tax multiplier is -1.5.

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Generalhenry asked

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True! I say this because the MPC will be .6 is you multiple with the equilibrium

Sushil Pandey answered Apr 24, 2023

by Sushil Pandey

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28. True or False AND explain why: a. If G > T, the government budget is in a surplus. b. A tax cut will increase equilibrium Y, and a tax increase will decrease equilibrium …

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