Exploring Economics
7th Edition
ISBN: 9781305465596
Author: Sexton
Publisher: Cengage
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Question
Chapter 24, Problem 12P
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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