Price level (GDP deflator, 2000 = 100) 160 150 140 130 120 0 A LAS AD SAS 8 12 16 20 24 Real GDP (trillions of 2000 dollars)

Question 3 please

QUESTION 13 The tax rates embodied in the federal personal income tax are such that a rising absolute amount, but a declining proportion, of income is paid in taxes. the marginal and average tax rates are equal, making the tax progressive. the average tax rate rises more rapidly pan does the marginal tax rate as income rises. the marginal tax rate is higher than the average tax rate, causing the average tax rate to rise as income rises. QUESTION 14

Aggregate Supply and Aggregate Demand show the relationship between economic output (GDP) and price levels in the macro-economy at a given point in time. Define the terms ‘Aggregate Demand’ and ‘Aggregate Supply.’ State TWO (2) monetary and TWO (2) fiscal policies that government can adopt, to effect change in Aggregate Demand.

Given an MPC of .8 and an increase in government spending of 5  The aggregate supply curve will shift to the right by 20 The aggregate supply curve will shift to the left by 20 The aggregate supply curve will shift to the right by 5 The aggregate supply curve will shift to the left by 5 None of the above

In an economy such that: C = 200 + 0.80 (Y – T)           Md = 0.20 Y - 10 R I = 40 - 20 R                            Ms = 200 + BP X = 30 - 0.05 Y                       BP = X + K T = 100                                   K = 20 + 10R G = 150                                                                                               Determine the equilibrium levels of Y and R. If T increases to $150, what are the new Y and R?  What is the tax multiplier?

I need help with this question please

please answer the following question: 1. Which of the following sources of revenue is used to fund government spending?A) corporate contributionsB) political party contributionsC) taxationD) aggregate supply

Which of the following can tax cuts influence? a. aggregate demand and aggregate supply b. aggregate demand but not aggregate supply c. aggregate supply but not aggregate demand d. neither aggregate demand nor aggregate supply

Describe the three distinct terms to describe the tax rates?