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Refer to the Information Provided in Table 9

Question 334

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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 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
-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

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