How do you answer questions 5 thanks

Clarify the case for increasing the tax on petrol on efficiency grounds. What are likely to be the distributional implications of such an increase? The government is making a choice about whether to spend an extra 500 million on student scholarships OR an extra 500 million building new university science laboratories. Would the two policies have the same effect on output, employment and the price level? Why, or why not? What is the money supply multiplier? Why is it generally greater than one? What is 'crowding out'? Why does it occur? What is the effect on the LM curve if the government sells 200 million of additional bonds? What would be the effect if the government sells 200 million of additional government bonds to finance an increase in public spending? Sectionsz and 3: Answer THREE questions, at least ONE from Section 2 and ONE from Section 3. Section 2 Clarify the case for increasing the tax on petrol on efficiency grounds. What are likely to be the distributional implications of such an increase? The government is making a choice about whether to spend an extra 500 million on student scholarships OR an extra 500 million building new university science laboratories. Would the two policies have the same effect on output, employment and the price level? Why, or why not? What is the money supply multiplier? Why is it generally greater than one? What is 'crowding out'? Why does it occur? What is the effect on the LM curve if the government sells 200 million of additional bonds? What would be the effect if the government sells 200 million of additional government bonds to finance an increase in public spending? Sectionsz and 3: Answer THREE questions, at least ONE from Section 2 and ONE from Section 3. Section 2