ir32770 ir32770
  • 13-09-2022
  • Business
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An economy is experiencing a high rate of inflation. The government wants to reduce consumption by $15 billion to reduce inflationary pressure. The MPC is 0.60. By how much should the government raise taxes to achieve its objective?
A. 25 billion
B. 9 billion
C. 15 billion
D. 5 billion

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