Suppose the personal income tax was replaced with a national sales tax. How would this affect aggregate

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Suppose the personal income tax was replaced with a national sales tax. How would this affect aggregate supply, aggregate demand and interest rates?

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Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Question Posted: Feb 13, 2015 09:48 AM

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Suppose the personal income tax was replaced with a national sales tax. How would this affect aggregate

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Economists like the late Milton Friedman sometimes favor replacing the personal income tax with a na...View the full answer

Managerial Economics

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