6. How would each of the following be affected by a 20 percent across the board reduction...

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6. How would each of the following be affected by a 20 percent across the board reduction in tax rates?

(a) Current output

(b) The rate of inflation

(c) Tax revenues

(d) The demand for the services of tax consultants Be specific, and carefully explain your reasoning.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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