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If a government budget runs a deficit, then the tax cut will increase the equilibrium level of GDP; however, if the budget runs a surplus, then the tax cut will decrease the equilibrium level of GDP

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If a government budget runs a deficit, then the tax cut will increase the equilibrium level of GDP; however, if the budget runs a surplus, then the tax cut will decrease the equilibrium level of GDP. 5. A car insurance is traded in the goods-and-services market. 6. The current profit shares of leading tobacco companies in the world is a major concern of macroeconomics.