Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 27, Problem 1.2P

Sub part (a):

To determine

Identify the role of tax cut on the price level and equilibrium GDP.

Sub part (b):

To determine

Identify the role of increasing consumer confidence and business optimism on the price level and equilibrium GDP in an economy.

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