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Graphically show the impact of a tax cut shock. Include all three markets: Labor, Product, Capital. Start with an initial steady state. Show the impact
Graphically show the impact of atax cutshock.
Include all three markets: Labor, Product, Capital.
- Start with an initial steady state.
- Show the impact of shock in the initial market.
- Next show the propagation mechanism--how it carries over into the other two markets.
- Show at least one set of the feedback loop,
- Show the new steady state.
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Agricultural Economics
Authors: Evan Drummond, John Goodwin
3rd edition
136071929, 978-0136071921
