Multiple Choice
Refer to the information provided in Table 9.6 below to answer the questions that follow.
Table 9.6
All Figures in Billions of Dollars
-Refer to Table 9.6. If taxes are reduced from $100 billion to $50 billion, the new equilibrium level of output is
A) $1,600 billion.
B) $2,100 billion.
C) $3,850 billion.
D) $4,050 billion.
Correct Answer:

Verified
Correct Answer:
Verified
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