Determine the effects taxes has on aggregate output, Macroeconomics

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Determine the effects taxes has on aggregate output

Problem

Suppose that the government decides to reduce taxes. In the model used in this chapter, determine the effects this has on aggregate output, consumption, employment, and the real wage, and explain your results.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Determine the effects taxes has on aggregate output

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