Assume the economy was originally at an output level of $800 billion. The government then cut taxes by $20 billion. If the economy expands by $60 billion, what is the value of the tax multiplier?

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The Answer of Assume the economy was originally at an output level of $800 billion. The government then cut taxes by $20 billion. If the economy expands by $60 billion, what is the value of the tax multiplier?

Assume the Economy Was Originally at an Output Level of $800