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n economy is described by the following equations: = 400 + 0.8( ) = 1000 = 3000 = 3000 + 0.05 Suppose potential GDP is
n economy is described by the following equations: = 400 + 0.8( ) = 1000 = 3000 = 3000 + 0.05 Suppose potential GDP is Y = 10500. What level of exogenous taxation would ensure actual GDP equals potential GDP
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
