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  • On prices and taxes.

    I have a question about prices and taxes. Let's say that government cuts taxes by 10%, then people believe that prices should fall by 10%, same thing might happen with rising costs, if costs rise by X% there should be a X% increasement (approximately) in price. I can't figure out if this really...
    Posted to Economics Questions (Forum) by budmad on Tue, Feb 23 2010
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