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Question 1 Can a progressive income tax negatively affect economic growth (real GDP)? Why or why not? Discuss briefly. Question 2 Can contractionary fiscal policy

Question 1

Can a progressive income tax negatively affect economic growth (real GDP)? Why or why not?

Discuss briefly.

Question 2

Can contractionary fiscal policy be used to tackle the problem of high price level in the

economy? Discuss using the AD-AS model (diagram).

I need fresh and valuable answer

Use graph if required

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