div class=ts-pagebuttonPage 1button div class=ts-image amp-img class=ts-thumb alt=Page 1: 0718 001The effect of taxes on spending is negative so the tax multiplier has a negative sign Second taxes are not a component of AD When taxes change consumers or businesses src=https:reader035vdocumentsmxreader035viewer202207121460428cdd97acd677e722c0e0html5thumbnails1jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 2button div class=ts-image amp-img class=ts-thumb alt=Page 2: 0718 001The effect of taxes on spending is negative so the tax multiplier has a negative sign Second taxes are not a component of AD When taxes change consumers or businesses src=https:reader035vdocumentsmxreader035viewer202207121460428cdd97acd677e722c0e0html5thumbnails2jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 3button div class=ts-image amp-img class=ts-thumb alt=Page 3: 0718 001The effect of taxes on spending is negative so the tax multiplier has a negative sign Second taxes are not a component of AD When taxes change consumers or businesses src=https:reader035vdocumentsmxreader035viewer202207121460428cdd97acd677e722c0e0html5thumbnails3jpg width=142 height=106 layout=responsive amp-img divdivdiv class=ts-pagebuttonPage 4button div class=ts-image amp-img class=ts-thumb alt=Page 4: 0718 001The effect of taxes on spending is negative so the tax multiplier has a negative sign Second taxes are not a component of AD When taxes change consumers or businesses src=https:reader035vdocumentsmxreader035viewer202207121460428cdd97acd677e722c0e0html5thumbnails4jpg width=142 height=106 layout=responsive amp-img divdiv