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Consider that less well o households tend to have a higher marginal propen- sity to consume than wealthier households. Furthermore, the share of wealthy households
Consider that less well o households tend to have a higher marginal propen-
sity to consume than wealthier households. Furthermore, the share of wealthy
households are very small. What results in the previous question sug-
gest about the design of stimulus tax breaks during recessions?
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