If the long-run aggregate supply curve is vertical, the a change in net taxes on aggregate output in the long run is zero. Select one: O a. additional tax revenue resulting from Ob. multiplier effect of O c. absolute value of Od change in government spending based on
If the long-run aggregate supply curve is vertical, the a change in net taxes on aggregate output in the long run is zero. Select one: O a. additional tax revenue resulting from Ob. multiplier effect of O c. absolute value of Od change in government spending based on
Chapter11: Fiscal Policy
Section: Chapter Questions
Problem 1.4P
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Transcribed Image Text:If the long-run aggregate supply curve is vertical, the
a change in net taxes on aggregate output in the long run is zero.
Select one:
O a. additional tax revenue resulting from
O b. multiplier effect of
O c absolute value of
Od. change in government spending based on
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