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Home Q & A Board Other Fields Homework Help Business Economics
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sgy_89 sgy_89
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7 years ago
Assume the economy is operating at a level of equilibrium output $100 billion less than full employment. If the economy's MPC is 0.80, how much must taxes be reduced to achieve full employment without generating inflation?
A) $100 billion
B) $50 billion
C) $25 billion
D) $20 billion
E) $80 billion
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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7 years ago
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sgy_89 Author
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7 years ago
Thanks
kriggs62
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Yesterday
Smart ... Thanks!
Liarec
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2 hours ago
this is exactly what I needed
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