Question
GNP PROBLEM Assume: C = $300B TR1 = 15% I = $300B G = $250B Yf = $2,500B X = $100B M = -0.1Yd What
GNP PROBLEM
Assume: C = $300B TR1 = 15%
I = $300B
G = $250B Yf = $2,500B
X = $100B
M = -0.1Yd
What is the tax rate to cover the GNP gap based on classical/Republican response?
When I calculate, I get a TR2 that is negative (the number comes to -5.2). Does that mean the new tax rate should be 0%
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
