President Obamas proposal to jolt a listless economic recovery with $180 billion worth of tax breaks and
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President Obama’s proposal to jolt a listless economic recovery with $180 billion worth of tax breaks and transportation projects left economists largely unimpressed Tuesday. If taxes fall by $90 billion and the spending on transport projects increases by $90 billion, which component of Obama’s recovery plan would have the larger effect on equilibrium expenditure, other things remaining the same?
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Solution First we need to convert 180 billion into an expendit...View the full answer
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Related Book For 
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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