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Business, 15.01.2020 01:31 Frankie103947
Suppose that the economy starts with a balanced budget: g = t. if the increase in g is equal tothe increase in t, then the budget remains in balance. let us now utilize the balanced budget multiplier. suppose that gand tincrease by one unit each. using the government spending multiplier and the tax multiplier (which forms the balanced budget multiplier), what is the change in equilibrium gdp?
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Suppose that the economy starts with a balanced budget: g = t. if the increase in g is equal tothe...
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