Calculate impact of a fifty decrease in taxes
C300 + 0.80(Y - 125) I = 150 G = 250 X =115 X = 125+.05Y Using the original data, compute the impact of a 50 decrease in taxes from 125 to 75. d. If the government seeks to raise income to 3,000, how much should it raise government spending?
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Calculate impact of a 50 decrease in taxes from 125 to 75. d. If government seeks to raise income to 3,000, how much must it raise government spending?
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