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(A) By early 2008 the U.S. economy was in a significant downturn. The unemployment rate began to increase and home prices began to fall. Congress

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(A) By early 2008 the U.S. economy was in a significant downturn. The unemployment rate began to increase and home prices began to fall. Congress passed a stimulus package that gave tax rebates to virtually every person who paid taxes in 2007. Explain what economic principles best describe this Congressional package

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