Answer:
equilibrium GDP increase by 1 as well.
Explanation:
As government spending multiplier is:
1/(1 - marginal propensity to consume)
while taxes is:
marginal propensity to consume / ( 1 - marginal propensity to consume)
the multiplier when considering an increase in government spending financed with taxes will be:
government multiplier - tax multiplier
( 1 - marginal propensity to consume)/ ( 1 - marginal propensity to consume) = 1
as the multiplier is 1 and increase of 1 will mean an increase of 1 unit in the equilibrium GDP as weill
Answer:
Operating plan.
Explanation:
Operational planning is the process of converting strategic goals to tactical goals by setting milestones to be achieved within a given time. An operating plan defines the daily tasks of a business aimed at meeting organisational goals. It identifies:
The what- that is the tasks to be achieved.
The who- people that are responsible for each task.
The when- timeline for task completion, and
The how much- resources to be allocated in execution of tasks.
Answer:
Quantity supplied
Explanation:
In completion of the statement question, 'the is five million' only indicates uncompleted statement.
Quantity supplied is the quantity of a commodity that producers are willing to sell at a particular price at a particular point in time.