What is a tax multiplier? How does it differ from the income multiplier?
Answer to relevant QuestionsWhy is the balanced budget multiplier always equal to 1? Fill in the missing cells to raise national income by $100, assuming MPC = 0.80. What is meant by technological change? How does it affect labor productivity? Give an example. Are Visa and MasterCard part of M1? Why or why not? How does a bank end up with excess reserves?
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