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Government wants to reduce ad

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Reference no: EM132512276

An economy is experiencing a high rate of inflation. The government wants to reduce AD by $36 billion to reduce inflationary pressure. The MPC is 08. By how much should the government raise taxes to achieve its objective?

  • $36 billion
  • $9 billion
  • $7.2 billion
  • $12 billion

Reference no: EM132512276

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