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  • 11-03-2024
  • Business
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Consider a macro model with a constant price level and demand-determined output. A rise in the net tax rate ________ the simple multiplier and __________ equilibrium national income.
a) Raises; raises
b) Lowers; has no effect on
c) Lowers; raises
d) Raises; has no effect on
e) Lowers; lowers

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