Question: Explain carefully why the tax multiplier [Y/T = -b / (1 - b)] is negative and why it is smaller in absolute value than the

Explain carefully why the tax multiplier [ΔY/ΔT = -b / (1 - b)] is negative and why it is smaller in absolute value than the government expenditure multiplier [ΔY/ΔG = 1/(1 - b)].

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