The Abbott government is concerned about the growing budget deficit, so they decide to cut government expenditures by $10 billion. They also decide the economy
The Abbott government is concerned about the growing budget deficit, so they decide to cut government expenditures by $10 billion. They also decide the economy needs a boost so they decide to cut income taxes by $30 billion. Would this simply mean a net increase in aggregate demand of $20 billion? Why or why not?
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Authors: Robert Whaples, Dianne C Betts
1st Edition
0521466482, 9780521466486
