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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 28
The Multiplier
Obama's Economic Recovery Plan
President Obama's proposal to jolt a listless recovery with $180 billion worth of tax breaks and transportation projects left economists largely unimpressed Tuesday.
If taxes fall by $90 billion and the spending on transport projects increases by $90 billion, which component of Obama's recovery plan would have the larger effect on equilibrium expenditure, other things remaining the same?
Obama's Economic Recovery Plan
President Obama's proposal to jolt a listless recovery with $180 billion worth of tax breaks and transportation projects left economists largely unimpressed Tuesday.
If taxes fall by $90 billion and the spending on transport projects increases by $90 billion, which component of Obama's recovery plan would have the larger effect on equilibrium expenditure, other things remaining the same?
Explanation
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Here this is precisely a case for balanc...
Macroeconomics 11th Edition by Michael Parkin
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