During the 1960s, a major restructuring of the tax code decreased taxes for most people. Also during

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During the 1960s, a major restructuring of the tax code decreased taxes for most people. Also during these years, the war in Vietnam required increased government purchases.
a. Which components of real GDP were affected by these events?
b. How did these events affect the goods market?
c. Would these events affect the IS curve? Briefly explain.
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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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