Business, 06.12.2021 21:40 lemmeboiz43

Assume that the full-employment level of output is $1,000 and the price level associated with full-employment output is 100. Also assume that the economy's current level of output is $1,100 and at the price level of 100 current aggregate demand is $1,200. If the government wants to move the economy back to the full-employment level of output and the MPC is 0.8, then it should increase taxes by:.

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Assume that the full-employment level of output is $1,000 and the price level associated with full-e...