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A temporary (income) tax relief would lead to twin deficits. True/False/Uncertain, explain and support your answer with ONE DD-AA diagram. Note: Compare your answer to

"A temporary (income) tax relief would lead to twin deficits." True/False/Uncertain, explain and support your answer with ONE DD-AA diagram. Note: Compare your answer to the initial long-run equilibrium, and only the first diagram will be graded. Also, you can assume that in the initial equilibrium all accounts are in balance.

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