Suppose actual real GDP is $4 trillion, potential real GDP is $1 trillion, and the marginal propensity

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Suppose actual real GDP is $4 trillion, potential real GDP is $1 trillion, and the marginal propensity to consume is 6. If we ignore price effects, by how many trillions of dollars should the government change its lump sum taxes to fix the gap?

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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Posted Date: Nov 13, 2022 04:47 AM

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Suppose actual real GDP is $4 trillion, potential real GDP is $1 trillion, and the marginal propensity

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Introduction to Governmental and Not for Profit Accounting

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