a. Explain the intended effect of extending tax cuts to middleclass Americans but not for highincome families.

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a. Explain the intended effect of extending tax cuts to middleclass Americans but not for highincome families. Draw a graph to illustrate the intended effect.

b. Explain why the effect of tax cuts depends on who receives them.

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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