=+What is the total effect of the tax cut on aggregate demand?

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Brief Principles Of Macroeconomics

ISBN: 9780324590371

5th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 28, 2024 04:00 AM

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Suppose the government reduces taxes by $20 billion, that there is no crowding out, and that the marginal propensity to consume is . a. What is the initial effect of the tax reduction on aggregate...
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=+What is the total effect of the tax cut on aggregate demand?
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=+b. What additional effects follow this initial effect?
=+c. How does the total effect of this $20 billion tax cut compare to the total effect of a $20 billion increase in government purchases? Why?
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=+What is the total effect of the tax cut on aggregate demand?

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Brief Principles Of Macroeconomics

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