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1.What is the difference between autonomous consumption and autonomous spending? 1.There are income taxes and autonomous taxes. Which one would classical economists believe should be
1.What is the difference between autonomous consumption and autonomous spending?
1.There are income taxes and autonomous taxes. Which one would classical economists believe should be primary and which one would Keynesians choose? Explain.
1.Should there be an inflationary gap of $3 trillion, what would Keynes think the government should do to return the economy to equilibrium with an MPS of 18%?
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