question archive Assume the government increases taxes by $2

Assume the government increases taxes by $2

Subject:BusinessPrice: Bought3

Assume the government increases taxes by $2.3 million,

  1. Calculate the tax multiplier in the 3 scenarios below. Show ALL you work 
  2. By how much will aggregate demand decrease by in the 3 scenarios below? Show ALL you work 
  3. What do you conclude? 

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