Compute the effect of a $20-billion federal income tax cut when the populations marginal propensity to consume
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Compute the effect of a $20-billion federal income tax cut when the population’s marginal propensity to consume is 98%. What is the “multiplier” in this case?
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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