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0718 001...The effect of taxes on spending is negative, so the tax multiplier has a negative sign. Second, taxes are not a component of AD. When taxes change, consumers (or businesses)

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Page 1: 0718 001...The effect of taxes on spending is negative, so the tax multiplier has a negative sign. Second, taxes are not a component of AD. When taxes change, consumers (or businesses)
Page 2: 0718 001...The effect of taxes on spending is negative, so the tax multiplier has a negative sign. Second, taxes are not a component of AD. When taxes change, consumers (or businesses)
Page 3: 0718 001...The effect of taxes on spending is negative, so the tax multiplier has a negative sign. Second, taxes are not a component of AD. When taxes change, consumers (or businesses)
Page 4: 0718 001...The effect of taxes on spending is negative, so the tax multiplier has a negative sign. Second, taxes are not a component of AD. When taxes change, consumers (or businesses)