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During the previous downturn in the economy in 2008-2009, the government lowered taxes on individuals through lower payroll taxes and also increased spending on various
During the previous downturn in the economy in 2008-2009, the government lowered taxes on individuals through lower payroll taxes and also increased spending on various government projects. What effect do you think these policy changes had on the economy?Do we think that the same policies will work during the current downturn caused by the COVID-19 pandemic?
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