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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 11
A $40 reduction in taxes increases Real GDP by $100, and a $50 increase in government spending increases Real GDP by $120. What does the tax multiplier equal? What does the government spending multiplier equal?
Explanation
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The tax multiplier is the change in real...
Macroeconomics 10th Edition by Roger Arnold
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