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Jeopardy!. An increase in taxes will change aggregate demand in which way?. Decrease. A tax that charges the poor a larger percent of their income than the rich may be described as this . . Regressive tax. A tax which does not vary with level of GDP . Fixed tax.

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a tax that charges the poor a larger percent of their income than the rich may be described as this

A tax that charges the poor a larger percent of their income than the rich may be described as this.

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A change in a fixed tax will simply shift theconsumption function. However, an increase in avariable tax will affect the consumption function inwhat way?

if mpc 75 the tax rate is 20 and you receive a 1000 bonus at work how much will you spend

If MPC = .75, the tax rate is 20%, and you receive a$1000 bonus at work, how much will you spend?

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The government’s plan for spending and taxation whichis designed to steer aggregate demand in somedirection

if taxes and government spending increase the exact same amount 200 billion what will happen to gdp

If taxes and government spending increase the exactsame amount ($200 Billion), what will happen to GDP?

the multiplier for a change in taxes is the multiplier for a change in government spending

The multiplier for a change in taxes is _______ the multiplier for a change in government spending

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(Automatic/Discretionary): Tax revenue increases as an improving stock market leads to increasing capital gains

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(Expansionary/Contractionary)(Automatic/Discretionary):Congress votes to build a new interstate highway.

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(Expansionary/Contractionary)(Automatic/Discretionary):Congress votes to create an expanded unemployment insurance program

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(Expansionary/Contractionary)(Automatic/Discretionary): Congress cuts funding to the National Teapot Museum, and uses the funds saved to increase transfer payments to Snapple, Inc.

when unemployment is high the government s actual deficit will be than the structural deficit

When unemployment is high the government’s actual deficit will be _____ than the structural deficit.

results from increased government spending when the available supply of loanable funds is high

_______ results from increased government spending when the available supply of loanable funds is high.

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Assume the government runs a structurally balanced budget. If unemployment is high what will resulting budget balance be?
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Increased government spending which limits (I)/This duo scored a big hit with their album “Speakerboxx/The Love Below”
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This rapper has starred in the movies “The Italian Job” and “The Hitchhiker’s Guide…”/A government runs this when spending exceeds revenue.
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The government’s plan to steer the economy by manipulating spending and taxes / He’s a starting pitcher for the Yankees
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A one-time fiscal policy may be described as this / Chris Brown was arrested for an alleged altercation with his then girlfriend, this performer

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A deficit that occurs at full employment / Orson Welles’ most famous film – number one on AFI’s 100 greatest movies of all time.