Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax
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In a phrase net tax revenues vary directly with GDP When GDP is rising so are tax collections both i...View the full answer
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Related Book For 
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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