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If G falls permanently and is paid for with permanent lower marginal tax rates on Savings Income. 45) The income effect on labor would push

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If G falls permanently and is paid for with permanent lower marginal tax rates on Savings Income. 45) The income effect on labor would push labor supply. 46) The income effect on consumption would push savings rate? 47) The substitution effect on consumption would push savings rate? Assuming Capital utilization rises what happens to 48) MPL 49) Real Wages 50) Labor Demand 51) Y 52) Steady state of RGDP

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