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Business, 16.12.2020 16:50 lefthandeddolan

Suppose that Congress enacts a major tax increase. At the same time, the Federal Reserve uses monetary policy in such a way that the combined effect of the tax increase and the monetary policy is that GDP does not change at all. Based on this information, explain clearly what the overall (short-run) effect?

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Suppose that Congress enacts a major tax increase. At the same time, the Federal Reserve uses moneta...

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