A feature of many government proposals for new spending is an increase in taxes to pay for the spending. For

A feature of many government proposals for new spending is an increase in taxes to pay for the spending. For example, a recent government proposal to spend $1T also contains a provision to raise $1T in taxes. Using an IS-LM model (no need to draw an AD-AS model), explain what happens to consumption, investment, income, and the interest rate in the short run

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