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Business, 23.10.2021 08:40 ashley352

Suppose that an economy is in long-run equilibrium at a price level of 100 and a full-employment real GDP of $520 billion. A recession occurs resulting from a $120 billion decrease in aggregate demand. In order to restore the economy to full employment given an MPC of 0.75, taxes would need to:

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Suppose that an economy is in long-run equilibrium at a price level of 100 and a full-employment rea...
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