If taxes are cut, then consumption -a: falls, aggregate expenditure falls, and output falls , b- falls, saving increases

| September 29, 2018

Question 7.7. If taxes are cut, then consumption (Points : 1)a: falls, aggregate expenditure falls, and output falls.b: falls, saving increases, investment increases, and output increases.c: increases, aggregate expenditure increases, and output increases.d: increases, aggregate expenditure decreases, and output decreases.e: increases, aggregate expenditure increases, and output decreases.Question 9.9. A laissez-faire attitude toward most markets is most closely associated with (Points : 1)a: Keynesians.b: monetarists.c: classical economists.d: supply siders.e: Reaganomics.Question 8.8. In the classical model, the supply of loanable funds is (Points : 1)a: provided through saving by households.b: positively related to the interest rate.c: perfectly inelastic.d: provided through saving by households and positively related to the interest rate.

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