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An economy is described by the following equations: = 400 + 0.8( ) = 1000 = 3000 = 3000 + 0.05 e.) Suppose potential GDP
An economy is described by the following equations: = 400 + 0.8( ) = 1000 = 3000 = 3000 + 0.05 e.) Suppose potential GDP is Y = 10500. What level of exogenous taxation would ensure actual GDP equals potential GDP
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
