Unemployment rate to the desired level, Managerial Economics

Suppose that the present level of income in the economy is $700 billion. It is determined that in order to decrease the unemployment rate to the desired level, it will be essential to increase the level of aggregate income to $760 billion. Assume that S = -25 + .2Yd. How much would taxes have to be cut in order to accomplish the desired outcome?

Posted Date: 3/25/2013 6:23:50 AM | Location : United States







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