MACROECONOMICS (LOOSELEAF)-PACKAGE
MACROECONOMICS (LOOSELEAF)-PACKAGE
13th Edition
ISBN: 9781337492317
Author: Baumol
Publisher: CENGAGE L
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Chapter 11.A, Problem 3TY

a)

To determine

To describe:The effect on the taxation when the fixed taxes are raised by $100 billion.

b)

To determine

To describe:

The impact on the equilibrium GDP, if the income tax is reduced by a factor of 2% from 20 to 18%

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