20) which of the following events will cause a reduction in equilibrium output? a) an increase in the marginal propensity to save b) an increase in taxes c) a reduction in the marginal propensity to consume d) all of the above e) none of the above

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21-10-2022
Business

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20) which of the following events will cause a reduction in equilibrium output? a) an increase in the marginal propensity to save b) an increase in taxes c) a reduction in the marginal propensity to consume d) all of the above e) none of the above

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febyyyvaalentina febyyyvaalentina · Answer 1 · 2022-10-24T09:54:11-04:00

The following event that will cause a reduction in equilibrium output is D. all of the above. The equilibrium output can be defined as the point where planned aggregate expenditure is equal to national income (output).

Economic equilibrium can be defined as a condition or state in which economic forces are balanced. There are 3 types of equilibrium in economics, such as:

Equilibrium price, that can be defined as the price at which quantity supplied equals quantity demanded.
Competitive equilibrium, that can be defined as a condition when all buyers and sellers are small relative to the market.
Economic equilibrium, that can be defined as a condition in economics.

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