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Quantitative Econ. Please help thanks (23 points) Impact of government. spending: Tax on labor with government spending Consider an economy where the representative consumer has

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Quantitative Econ. Please help thanks

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(23 points) Impact of government. spending: Tax on labor with government spending Consider an economy where the representative consumer has a utility function given by \"(0, L) 21.33 (0 _ %) over consumption C and leisure L. The consumer has an endowment of H units of time, provides labor, N3, to rms at wage rate 1:), receives prots, II, from rms and pays a tax 1' on labor income. The total amount of taxes paid are given by Tsz. The government uses the revenue from the labor income taxes to nance government purchases of goods G. The representative rm has a production technology given by Y = AF(K, N) = AKNl, a

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