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When Barack Obama was campaigning for president in 2008, he proposed more government spending paid for with higher taxes on “the rich.” What impact would those options have on macro equilibrium?

When Barack Obama was campaigning for president in 2008, he proposed more government spending paid for with higher taxes on "the rich."

When Barack Obama was campaigning for president in 2008, he proposed more government spending paid for with higher taxes on “the rich.”  What impact would those options have on macro equilibrium?

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