In an economy, government spending {G} and taxes (T) are independent of income. The value of MPG is known to be 0.75. if government spending
In an economy, government spending {G} and taxes (T) are independent of income. The value of MPG is known to be 0.75. if government spending increases by 520 billion, the amount by which taxes must be adjusted so that income or output (Y) does not change: to curb possible inflationary pressure: is: AT 2 |:_ (Enter your response rounded to two decimal places.)
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