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supposed the government, in an effort to avoid an increase in the deficit, votes for a budget neutral tax cut policy. ASSUME THR MPC IS
supposed the government, in an effort to avoid an increase in the deficit, votes for a budget neutral tax cut policy. ASSUME THR MPC IS EQUAL TO .75 and taxes are cut by 15$ billion. by how much will governemnt spending change? WHAT is the resulting change in equilibrium of real GDP
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
