Multiple Choice
Refer to the information provided in Table 9.5 below to answer the questions that follow.
Table 9.5
All Numbers are in $ Million
-Refer to Table 9.5. Suppose the economy is in equilibrium and the government raises taxes from $200 million to $220 million, equilibrium output will ________ by $________ million.
A) decrease; 20
B) increase; 20
C) decrease; 80
D) increase; 80
Correct Answer:

Verified
Correct Answer:
Verified
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