During the 1960s, a major restructuring of the tax code decreased taxes for most people. Also during
Question:
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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Related Book For
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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