Kenny is trying to sell his XBOX one; however, none of the potential buyers is willing to pay the price Kenny desires. Kenny's wife Zeynep, an economist, thinks this might be due to a lack of information on the part of buyers. Zeynep uses the concept of to explain to Kenny why he cannot sell his XBOX one at the price he is asking

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?