A $10 billion reduction in taxes increases Real GDP by $60 billion. Assuming a constant price level, what does the tax multiplier equal?
A) 70
B) 6
C) 50
D) 0.17
E) 0.83
B
Economics
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Fill in the blank(s) with the appropriate word(s).
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Fill in the blank(s) with the appropriate word(s).
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