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An increase in taxes lowers real GDP: Question 4 options: in the short run but leaves it unchanged in the long run, while reducing consumption
An increase in taxes lowers real GDP: Question 4 options: in the short run but leaves it unchanged in the long run, while reducing consumption and increasing investment. in the short run but leaves it unchanged in the long run, while increasing consumption and reducing investment. and the real interest rate in both the short run and in the long run. and the real interest rate in the short run but leaves both unchanged in the long run
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