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fabz06 fabz06
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A year ago
Multiplier Effects of Transfer Payments and Taxes

Assume the tax multiplier is -7.5, real GDP is $427 billion, and potential real GDP is $439 billion. By how much would taxes need to be cut to restore the economy to potential real GDP? (Round to the nearest hundredth when necessary.)

▸ $90 billion

▸ $0.8 billion

▸ $12 billion

▸ $1.6 billion
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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rectorrector
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A year ago
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fabz06 Author
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A year ago
Good timing, thanks!
bioc
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Yesterday
Just got PERFECT on my quiz
ealvino1610
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2 hours ago
Thanks for your help!!
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