Exploring Macroeconomics
Exploring Macroeconomics
8th Edition
ISBN: 9781544363332
Author: Robert L. Sexton
Publisher: Sage Publications
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Chapter 16, Problem 11P
To determine

(a)

To show:

The situation of a supply-side fiscal policy which leaves the price level unchanged.

To determine

(b)

To explain:

Thesituation when a supply-side fiscal policy can cause an increase in the price level.

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