Suppose government increases autonomous taxes and defence expenditure by the same amount. Will real GDP increase in
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Suppose government increases autonomous taxes and defence expenditure by the same amount. Will real GDP increase in the short run? Why?
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The increase in defence expenditure increases aggregate demand by 11 Slope of t...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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