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1)How does a tax on labor income affect potential GDP? 2) If employment is less than full employment, what fiscal policy should the government pursue?

1)How does a tax on labor income affect potential GDP?

2) If employment is less than full employment, what fiscal policy should the government pursue?

3) What are some of the limitations of fiscal policy? Briefly discuss them.

4) If employment is less than full employment, what fiscal policy should the government pursue?

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