How do you think the proposal - "National income can be expanded by reducing taxes"? Discuss your perspectives on this proposal.

YONGON UNIVERSITY OF ECONOMICS Master of Business Administration Programme EMBA 19th Batch (Online), Final Examination, December 2022 EMBA 113 Macroeconomic Environment Answer All Questions. (Open-book) Time Allowed: 3 Hours 1. A change in one policy may inuence the other, and this interdependence may alter the impact of a policy change. How could you consider this situation? Your prociency is very important for policymakers. Show your work, based on your learning. 2. Suppose the oil production over the world is signicantly reduced due to some motives. If you are a responsible person of your economy, how could you respond this problem? 3. How do you think the proposal - \"National income can be expanded by reducing taxes\"? Discuss your perspectives on this proposal. (Caution: Your answer should not be more than two pages for each question, and show your work with your own words.)