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[MUST SHOW WORK] Suppose the economy is at the full employment equilibrium. The Government of Canada increases the tax rates. All else the same, this
[MUST SHOW WORK] Suppose the economy is at the full employment equilibrium. The Government of Canada increases the tax rates. All else the same, this causes Question 4Select one: A. both short-run and long-run GDP to decrease and the price level to rise. B. short-run GDP to decrease and the price level to rise. C. both short-run GDP and the price level to fall. D. both short-run and long-run GDP to increase and the price level to fall. E. both short-run GDP and the price level to rise
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