Suppose Congress raises autonomous taxes. How will this tax increase affect real income? The interest rate? Consumption?

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Suppose Congress raises autonomous taxes. How will this tax increase affect real income? The interest rate? Consumption? Planned investment?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:07 AM

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Suppose Congress raises autonomous taxes. How will this tax increase affect real income? The interest rate? Consumption?

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An increase in autonomous taxes shifts the IS curve to the left To maint...View the full answer

Macroeconomics

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