According to traditional Keynesian analysis, why does a tax cut have a smaller effect on GDP than

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According to traditional Keynesian analysis, why does a tax cut have a smaller effect on GDP than a similarly sized increase in government spending? Why might the opposite be the case?

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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:23 AM

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According to traditional Keynesian analysis, why does a tax cut have a smaller effect on GDP than

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