Paolo is always coming up with new ideas and seeking funding to explore them. he sees opportunities in the marketplace and wants to be the first person to come up with new products and services that customers want. paolo, a person who is apt to take initiative and persevere to influence the environment, has a(n) personality.

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?