Question: Use the Simple Classical Macroeconomic Model to answer this question. Suppose the economy enters a recession and the government decides to lower taxes to stimulate

Use the Simple Classical Macroeconomic Model to answer this question. Suppose the economy enters a recession and the government decides to lower taxes to stimulate growth (from $3,500 to $3,000. What would happen to the level of GDP? a. 60,000 b. 16,500 c. 33,000 d. 30,000

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