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What will happen when the people find that the government will raise income taxes to pay off the debt in the future, what will be
What will happen when the people find that the government will raise income taxes to pay off the debt in the future, what will be their reaction? How will this impact the new equilibrium interest rate?
Interest Quantity of Credit Quantity of Credit Rate (%) Demanded (billion $) Supplied (billion $) 2 5 4 10 6 15 8 20 10 25 12 30 14 35Step by Step Solution
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