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Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088Macroeconomics 8th Edition by David Colander
Edition 8ISBN: 978-0077398088 Exercise 2
To help understand the distributional consequences of the tax cuts advocated by many conservative politicians, answer the following:
a. What income groups have the largest marginal propensity to consume: high orb. If your goal were to minimize the deficit cost of a tax stimulus, who should receive the tax cuts? Who received the tax cuts?
c. What will the tax cut do, relatively speaking, to the debt?
d. Is there a pattern here? (Institutionalist)
a. What income groups have the largest marginal propensity to consume: high orb. If your goal were to minimize the deficit cost of a tax stimulus, who should receive the tax cuts? Who received the tax cuts?
c. What will the tax cut do, relatively speaking, to the debt?
d. Is there a pattern here? (Institutionalist)
Explanation
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Fiscal policy is the tool used by govern...
Macroeconomics 8th Edition by David Colander
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