Georgia Dickens is sitting with a friend at a coffee shop, and they are talking about the

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Georgia Dickens is sitting with a friend at a coffee shop, and they are talking about the new tax bill. Georgia thinks that cutting tax rates at this time would be wrong: “Lower tax rates,” she says, “will lead to a larger budget deficit, and the budget deficit is already plenty big.” Do lower tax rates mean a larger deficit? Why or why not?

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Macroeconomics

ISBN: 9781337617390

13th Edition

Authors: Roger A. Arnold

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