Explain in words and using the notion of expenditure rounds why the tax multiplier is smaller than

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Explain in words and using the notion of expenditure rounds why the tax multiplier is smaller than the expenditure multiplier.

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Economics

ISBN: ?978-0073511290

19th edition

Authors: Paul A. Samuelson, William Nordhaus

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Question Posted: Dec 05, 2015 03:35 AM

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Explain in words and using the notion of expenditure rounds why the tax multiplier is smaller than

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The firstround effect on aggregate demand of a spending increment is ...View the full answer

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