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attashe74 [19]
3 years ago
8

Suppose that the economy is experiencing a recession with an estimated recessionary gap of $10 billion. Congress is considering

the use of fiscal policy to ease the recession, but due to current political sentiments, it has determined that the maximum spending increase the government is willing to support is $3 billion. It wants to make up the remainder of the recessionary gap using tax cuts.
If a spending increase of $3 billion is approved and the MPC is 0.6, by how much will taxes need to be reduced to close the remainder of the recessionary gap?
Mathematics
1 answer:
Tju [1.3M]3 years ago
6 0

Answer:

4.66 billion

Step-by-step explanation:

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Line with a slope 6 passes through the points (2,-10) and (5,g)
Irina-Kira [14]

Answer:

8 =g

Step-by-step explanation:

We have two points so we can use the slope formula

m = ( y2 -y1)/(x2-x1)

6 = ( g - -10)/(5-2)

6 = (g+10)/(5-2)

6 = (g+10)/3

Multiply each side by 3

6*3 = g+10

18 = g+10

Subtract 10

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8 =g

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3 years ago
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What is the value of f(-4) in the piecewise function f(x)= -x-5 for -5<= x <= -2; -x^2+1 for -2<=x<=2; (x-3)^2+2 for
Alik [6]


We first need to pick the correct piece to use. In this case, we will use f(x) = -x-5 because -5<=-4.

Then, we use direct substitution:
f(-4) = -(-4) - 5
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Refer to scenario 4. assume that the profit equation is $110x1 + $150x2 what is the profit at corner point (0, 30)?
SashulF [63]
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3 years ago
What is the slope of the line that cuts through the points (1, -5) and (3, 5)?
PolarNik [594]

Answer:

a. 5

Step-by-step explanation:

To find slope, subtract the y's.

5 - -5 is 10.

Put that on the top of a fraction.

Subtract the x's.

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So the slope is 10/2. This simplifies to 5 (because 10÷2 is 5).

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