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The effect of the tax cut in 2018 does support the argument that a tax cut will increase consumer and business confidence and cause a
The effect of the tax cut in 2018 does support the argument that a tax cut will increase consumer and business confidence and cause a larger than usual increase in demand if the normal growth in US real GDP is 2%, as the actual growth was 2.78%, which is higher. However, if the normal growth in US real GDP is 3%, the effect of the tax cut does not support the argument, as the actual growth was less than the normal growth
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