What is the impact of an increase in taxes on the interest rate, income, consumption, and investment?

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:37 AM

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What is the impact of an increase in taxes on the interest rate, income, consumption, and investment?

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The tax multiplier in the Keynesiancross model tells us that for any give...View the full answer

Macroeconomics

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