In the keynesian-cross model, if the mpc equals 0.75, then a $3 billion decrease in taxes increases planned expenditures by and increases the equilibrium level of income

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$3 billion; more than $3 billion

Explanation:

Decrease in taxes is $3 billion. Then the planned expenditures would increase by $3 billion as a result of tax decrease. The decrease in taxes is the finances increase in expenditures and as a result the level of income increases by $3 billion.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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