The government raises taxes by $100 billion. If the marginal propensity to consume is 0.6, what happens
Question:
a. Public saving.
b. Private saving.
c. National saving.
d. Investment.
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The effect of a government tax increase of 100 billion on a public saving b private saving and c national saving can be analyzed by using the followin...View the full answer
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Related Book For 
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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