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Answer to Question #307299 in Macroeconomics for Luu
Question #307299
if c=0,5,co=300,I=400,G=300 and T=100 and contractionary fiscal policy is introduced and the government spending decreases to 200 and taxes increases to 150 then the equilibrium level of output and income is equal to 1650.
True or False
Expert's answer
The correct answer is,
TRUE
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