Question
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $43 billion to reduce inflationary pressure. The MPC is
An economy is experiencing a high rate of inflation. The government wants to reduce
consumption by $43 billion to reduce inflationary pressure. The MPC is 0.80. By how much
should the government raise taxes to achieve its objective?
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Plenitude The New Economics Of True Wealth
Authors: Juliet Schor
1st Edition
1594202540, 9781594202544
