Look at these two sentences about undeposited funds. 1. by posting to undeposited funds, you can create a single bank deposit for multiple payments, making it easy 2. when receiving a payment, make sure

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?