Question
3. Ricardian Equivalence (RE) In 2001, President Bush gave a tax cut to try to encourage an increase in consumption expenditures to bring us out
3. Ricardian Equivalence (RE) In 2001, President Bush gave a tax cut to try to encourage an increase in consumption expenditures to bring us out of the, then, recession. Americans on average saved the tax cut instead of spending it. Offer your own explanation for why the tax cut was not spent.
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
