Describe effect of policy according to business cycle model, Macroeconomics

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Describe effect of policy according to business cycle model

Problem

Suppose the Obama administration is forced to increase taxes to pay for the cost of the health care reform in the United States. Describe the effect of such a policy according to the three business cycle models if this increase in taxes is fully anticipated by economic agents.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Describe effect of policy according to business cycle model

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