Parliament is debating the option of implementing a value added tax (vat) as a means to cut the government deficit. classify as microeconomics or macroeconics and provide a justification for your answer

Parliament is debating the option of implementing a value added tax (vat) as a means to cut the government deficit. classify as microeconomics or macroeconics and provide a justification for your answer

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 15QP

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Study of decisions made by households and business firms at an individual level. It includes several laws and theorems related to demand, supply, production, allocation of resources, and prices.

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