Since even before Arthur Laffer drew his famous curve on a napkin, the political left and right
Question:
a. Explain what is meant by tax cuts paying for themselves. What does this statement imply about the tax multiplier?
b. In what circumstances would tax cuts not pay for themselves?
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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