The effect of a change in taxes is less than the same sized change in government purchases because...
What will be an ideal response?
the amount by which consumption initially changes is the MPC times the tax change
Economics
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The idea that the value of money is equal across countries is known as
A) interest rate parity. B) the expected profit parity effect. C) purchasing power parity. D) exchange rate parity.
Economics
A current account surplus exists if the balance on the
A. capital account is zero. B. capital account is positive. C. current account is negative. D. current account is positive.
Economics