The consequences of government intervention O Serve to increase efficiency in the markets O Are generally as planned by policymakers Often involve unintended consequences fall on low income individuals O Are not felt until the next fiscal year

Principles of Macroeconomics (MindTap Course List)
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ISBN:9781305971509
Author:N. Gregory Mankiw
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Chapter8: Application: The Costs Of Taxation
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The consequences of government intervention
O Serve to increase efficiency in the markets
Are generally as planned by policymakers
Often involve unintended consequences
Ofall on low income individuals
O Are not felt until the next fiscal year
Transcribed Image Text:The consequences of government intervention O Serve to increase efficiency in the markets Are generally as planned by policymakers Often involve unintended consequences Ofall on low income individuals O Are not felt until the next fiscal year
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