If then taxes are raised by $500billion dollars, and the public pays for those taxes entirely by reducing their consumption (no change to their saving), after this tax increase 1 what's the national saving 2 What's the investment Suppose that in a closed economy, GDP is $15 trillion, Consumption i...

1Since the public pays for the taxes entirely by reducing their consumption there will be a ...

If then taxes are raised by $500billion dollars, and the public pays for those taxes entirely...

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Microeconomics An Intuitive Approach with Calculus

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Authors: Thomas Nechyba

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If then taxes are raised by $500billion dollars, and the public pays for those taxes entirely...

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