Drew43921 Drew43921
  • 21-06-2021
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An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $24 billion to reduce inflationary pressure. The MPC is 0.75. By how much should the government raise taxes to achieve its objective?

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JayJuggapah2345
JayJuggapah2345 JayJuggapah2345
  • 21-06-2021

Answer:

It should raise up to 56 percent of taxes

Explanation:

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