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Between early 2018 and late 2019. total planned expenditures by U.S. households substantially increased in response to changes in federal tax laws that resulted in

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Between early 2018 and late 2019. total planned expenditures by U.S. households substantially increased in response to changes in federal tax laws that resulted in a net tax reduction. Explain, from a short-run keynesian perspective, the pre- dicted effects of this event on the equilibrium U.S price level and equilibrium U.S. real GDP. Be sure to discuss the spending gap that the keynes ian model indicates would result in the short run

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