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Hello, Can you help with this question from my eco/372T week 4 course? An economy is experiencing a high rate of inflation. The government wants
Hello,
Can you help with this question from my eco/372T week 4 course?
An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $48 billion to reduce inflationary pressure. The MPC is 0.75. By how much should the government raise taxes to achieve its objective?
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