Question
Assume the amount of tax cut was $100 billion, government spending was $100, and there was $20 billion less investment due to crowding out. Identify
Assume the amount of tax cut was $100 billion, government spending was $100, and there was $20 billion less investment due to crowding out. Identify the maximum change in GDP as a result of the new law. Show your work.
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The Industries Of The Future
Authors: Alec Ross
1st Edition
1476753660, 9781476753669
