=+g. For a given t, how much tax revenue does the government raise? For a given s,
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=+g. For a given t, how much tax revenue does the government raise? For a given s, how much of a cost does the government incur? What do your answers imply about the relationship between s and t if the revenues raised now are exactly offset by the expenditures incurred next period
(taking into account that the revenues can earn interest until they need to be spent)?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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