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Business, 22.04.2020 04:10 chaparro0512
Suppose the marginal propensity to consume is equal to 0.75. If the government lowers tax rates and tax revenue falls by $100 million, then disposable income will increase by million and consumption spending will initially increase by million.
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Suppose the marginal propensity to consume is equal to 0.75. If the government lowers tax rates and...
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