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1)Can the value of average propensity to save be negative? Explain using an appropriate example. (2 marks). 2) Explain how does income tax acts as
1)Can the value of average propensity to save be negative? Explain using an appropriate example. (2 marks).
2) Explain how does income tax acts as an automatic stabilizer during the economic recession.
(2 marks).
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The Lever Of Riches Technological Creativity And Economic Progress
Authors: Joel Mokyr
1st Edition
0195074777, 9780195074772
