Because taxes withdraw spending from the economy, equilibrium income falls when a tax is imposed.
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Q37: The Laffer curve has aggregate expenditure and
Q38: Which of these is a withdrawal of
Q39: Of the U.S. national debt that is
Q41: The graph that plots hypothetical tax revenues
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Q43: Automatic stabilizers include all of these EXCEPT
A)
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Q45: Which of these is MOST likely to
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