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lord [1]
1 year ago
14

The question of how a tax change might impact U.S. economic output is most closely associated with the study of

Business
1 answer:
inn [45]1 year ago
8 0

A tax change that might impact U.S. economic output is most closely associated with the study of macroeconomics.

<h3>What do you mean by macroeconomics?</h3>

Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest and foreign exchange rates, and economic production. Only with a solid monetary and fiscal policy are poverty alleviation, social equality, and sustainable growth conceivable.

Maximizing the standard of living and achieving steady economic growth are the overarching objectives of macroeconomics.

Functioning of an Economy, Formulation of Economic Policies, Understanding Macroeconomics, Understanding and Controlling Economic Fluctuations, Inflation and Deflation, Study of National Income, Study of Economic Development, Study of an Economy's Performance, and Nature of Material Welfare are all important aspects of macroeconomics.

To know more about Macroeconomics refer to: brainly.com/question/13120341

#SPJ4

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When​ Alex's income increased from ​$2,000 to ​$4,000​, he increased his consumption of bagels from 6 to 10 a month and decrease
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For Bagels = 1.33

For Donuts = -1.33

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His income elasticity of demand for bagels is 1.33, while for Donuts it is  -1.33.

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