Households in the lowest quintile of the U.S. income distribution have larger marginal propensities to consume than
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Households in the lowest quintile of the U.S. income distribution have larger marginal propensities to consume than households in the highest quintile. If the government wishes to reduce taxes to stimulate economic output during a recession, which households should it target tax cuts toward?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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