Thank you!

An economy has a marginal propensity to consume of 0.47. The tax rate is 0.10. The value of the multiplier is D. (Enter your response rounded to two decimal places.) If the value of the tax rate increased to 0.15, the value of the multiplier would be D. (Enter your response rounded to two decimal places.) Suppose that the government increases purchases by $3 billion when the tax rate is 0.10. The change in real GDP is $ billion. (Enter your response rounded to two decimal places.) Suppose that the government increases purchases by $3 billion when the tax rate is 0.15. The change in real GDP is $ billion. (Enter your response rounded to two decimal places.) How do changes in the tax rate affect the amount by which equilibrium real GDP changes as government purchases change? As the tax rate increases. the multiplier gets : and there is a : smaller larger effect on equilibrium real GDP changes as government purchases change. An economy has a marginal propensity to consume of 0.47. The tax rate is 0.10. The value of the multiplier is D. (Enter your response rounded to two decimal places.) If the value of the tax rate increased to 0.15, the value of the multiplier would be D. (Enter your response rounded to two decimal places.) Suppose that the government increases purchases by $3 billion when the tax rate is 0.10. The change in real GDP is $ billion. (Enter your response rounded to two decimal places.) Suppose that the government increases purchases by $3 billion when the tax rate is 0.15. The change in real GDP is $ billion. (Enter your response rounded to two decimal places.) How do changes in the tax rate affect the amount by which equilibrium real GDP changes as government purchases change? As the tax rate increases, the multiplier gets IE and there is a IE effect on equilibrium real GDP changes as government purchases change. larger smaller