Mathematics
Mathematics, 28.08.2019 19:20, tanyiawilliams7490

In the keynesian-cross analysis, assume that the analysis of taxes is changed so that taxes, t, are made a function of income, as in t = t + ty, where t and t are parameters of the tax code and t is positive but less than 1. as compared to a case where t is zero, the multiplier for government purchases in this case will:

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In the keynesian-cross analysis, assume that the analysis of taxes is changed so that taxes, t, are...

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