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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 35
Do Tax Cuts Ever Increase Government Revenues
Republican politicians insist that tax cuts "pay for themselves," increasing receipts by goosing economic growth. Democrats and virtually all economists say they're wrong.
a. Explain what is meant by tax cuts paying for themselves. What does this statement imply about the tax multiplier?
b. Why would tax cuts not pay for themselves
Republican politicians insist that tax cuts "pay for themselves," increasing receipts by goosing economic growth. Democrats and virtually all economists say they're wrong.
a. Explain what is meant by tax cuts paying for themselves. What does this statement imply about the tax multiplier?
b. Why would tax cuts not pay for themselves
Explanation
Verified
Verified
a.
Tax cuts pay for themselves:
The st...
Macroeconomics 11th Edition by Michael Parkin
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