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e. Suppose the 11th year taxes (year immediately coming up) were expected to be under trend (line) by 2 percent. You believe this to be
e. Suppose the 11th year taxes (year immediately coming up) were expected to be under
trend (line) by 2 percent. You believe this to be the case because of a softening in retail
sales and use taxes collected in the last two quarters in the current year and an
expected decrease in home valuations based on recent selling prices of homes. What
would the expected taxes collected be for quarters 1 and 2 of the 11th year after
adjustment for the cyclical softening? 1. ________, 2. _________
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