The government increases taxes by 6200 in an economy where, Ask an Expert

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The government increases taxes by $6200 in an economy where households spend 92% of each additional dollar they earn. Calculate the total effect on output (or aggregate demand). Carefully follow all numeric instructions. Round any intermediate steps and your final answer to two decimal places. Enter a positive number for an increase in Y and a negative number (with negative sign) for a decrease.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91926815

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