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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Whether an economist argues in favor of a rise in government spending or a cut in taxes (as an expansionary fiscal policy measure) could have something to do with whether she views the government spending multiplier as greater or less than the tax multiplier. Do you agree or disagree? Explain your answer.

To determine

Acceptability of the statement.

Explanation

The opinion of the economist regarding rise in government spending or cutting tax is agreeable. If the spending multiplier (ratio of change in the real GDP to the change in initial spending at constant price rate) is greater than the tax multiplier (ratio of change i...

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