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Now assume that the Government didn't increase Government Expenditures as they did in question (h), but the Government. chose to lower taxes by $1.5 trillion/year.
Now assume that the Government didn't increase Government Expenditures as they did in question (h), but the Government. chose to lower taxes by $1.5 trillion/year. Remember government taxes are a constant of the Consumption curve, and a decrease will shift the Consumption curve upward
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
