which one of the following statement is correct
(1) a decrease in net exports will decrease the equilibrium level of income
(2) an increase in the tax rate will increase the size of the multiplier
(3) a change in the tax rate has no impact on the size of the multiplier
(4) an increase in net exports will decrease the equilibrium level of income
1
Expert's answer
2019-09-16T09:28:55-0400
correct statement: (1) a decrease in net exports will decrease the equilibrium level of income.
a decrease in net exports, that is, a reduction in exports or an increase in imports, reduces total expenditures and reduces GDP.
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