Explain why a higher marginal tax rate reduces the size of the government expenditure multiplier.
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Explain why a higher marginal tax rate reduces the size of the government expenditure multiplier.
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The multiplier occurs because the initial increase in government expenditure incr...View the full answer
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Macroeconomics Canada In The Global Environment
ISBN: 9780321931207
9th Edition
Authors: Michael Parkin, Robin Bade
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