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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
Edition 10ISBN: 978-1259235702 Exercise 3
Suppose that for every 1 percentage point increase ( decrease) in GDP growth, automatic stabilizers
(i) increase (decrease) tax revenues revenues by $90 billion and
(ii) decrease (increase) transfer payments by $30 billion.
Using this information, complete the table.
(i) increase (decrease) tax revenues revenues by $90 billion and
(ii) decrease (increase) transfer payments by $30 billion.
Using this information, complete the table.
Explanation
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Essentials of Economics 10th Edition by Bradley Schiller, Karen Gebhardt
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