‘Whatever the value of b, the sum of the government expenditure multiplier and the tax multiplier will always be equal to unity.’ Prove. ‘It is incorrect to assert that government expenditures and...

‘Whatever the value of b, the sum of the government expenditure multiplier and the tax multiplier will always be

equal to unity.’ Prove.

‘It is incorrect to assert that government expenditures and taxes of an equivalent amount off set one another and that

there is no increase in the income level if the budget is balanced’ Explain.