c. Congress repeals an investment tax credit anduses the revenue to reduce other taxes.10S8765432D1100200 300 400 500600 700800 900 1,000Loanable fundsInterest rate

Investment tax credit: It refers to the federal tax incentive that is used for the business…

Answered: c. Congress repeals an investment tax…

c. Congress repeals an investment tax credit and uses the revenue to reduce other taxes. 10 S 7 6 4 3 1 100 200 300 400 500 600 700 800 900 1,000 Loanable funds Interest rate

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter16: Budget Deficits In The Short And Long Run

Section: Chapter Questions

Problem 1DQ

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Question

c. Congress repeals an investment tax credit and
uses the revenue to reduce other taxes.
10
S
8
7
6
5
4
3
2
D
1
100
200 300 400 500
600 700
800 900 1,000
Loanable funds
Interest rate

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