Question
Which measure will reduce employment best: government tax reduction, or increased government spending? Can you compare the multiplier effect of a tax reduction versus the
Which measure will reduce employment best: government tax reduction, or increased government spending? Can you compare the multiplier effect of a tax reduction versus the multiplier effect of an increase in government spending? There are TWO formulas.
Which of the two will have a bigger impact in the economy and why based on the two formulas? Using the formulas, figure this out: If $30 billion in new investment is added to the economy and MPC is 0.9, how much would the national income (GDP) increase by?
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China Under Mao A Revolution Derailed
Authors: Andrew G Walder
1st Edition
0674975499, 9780674975491
