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I have a question asking to find equilibrium y, it gives me the consumption function c=150+0.7(y-t) and then it gives me lump sum taxes of
I have a question asking to find equilibrium y, it gives me the consumption function c=150+0.7(y-t) and then it gives me lump sum taxes of 290. Usually it gives the net tax rate instead of the lump sum tax so I am confused with what to do with the 290.. Help please ? thanks so much
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