Question: Using fully labeled ZZ/Y and NX/Y figures, illustrate graphically and EXPLAININTUITIVELY (i.e., by economic relationships) what effect, if any, an increase in taxes has on

Using fully labeled ZZ/Y and NX/Y figures, illustrate graphically and EXPLAININTUITIVELY (i.e., by economic relationships) what effect, if any, an increase in taxes has on output, exports, imports, and net exports.

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