Multiple Choice
In the basic Keynesian model,to close a recessionary gap of $5 billion,taxes must be
A) increased by $5 billion.
B) decreased by $5 billion.
C) increased by more than $5 billion.
D) increased by less than $5 billion.
E) decreased by less than $5 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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