What happens to inflation and output in the short run and the long run when taxes decrease?

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Economics of Money Banking and Financial Markets

ISBN: 978-0134733821

12th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 30, 2018 08:07 AM

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What happens to inflation and output in the short run and the long run when taxes decrease?

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A decrease in taxes will lead to a rightward shift of the aggregate demand c...View the full answer

Economics of Money Banking and Financial Markets

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