The revenue recognition principle guides accountants in a. determining when to record expenses b. ensuring expenses are deducted from revenues c. ensuring only revenues received in cash are recorded d. determining when to record revenues

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?