g. True or False: The property tax will result in smaller houses and more investment in business
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g. True or False: The property tax will result in smaller houses and more investment in business machinery, but if we do not take the general equilibrium effect of the tax into account, we will underestimate how much smaller the houses will be and overestimate how many more business machines there will be.
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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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