Macroeconomics
10th Edition
ISBN: 9781319105990
Author: Mankiw, N. Gregory.
Publisher: Worth Publishers,
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Question
Chapter 11, Problem 3PA
(a)
To determine
Explain how the tax system changes the way consumption responds to changes in
(b)
To determine
The changes in the government purchases multiplier due to this tax system.
(c)
To determine
Explain how does this tax system modify the slope of the IS curve.
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