Question
True or False. Explain. The aggregate demand effect of direct government spending-say, highway construction-is smaller than the effect from a tax revenue cut of equal
True or False. Explain.
"The aggregate demand effect of direct government spending-say, highway construction-is smaller than the effect from a tax revenue cut of equal dollar magnitude increasing house- holds' current resources which can be used for either consumption or saving."
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Statistics The Art And Science Of Learning From Data
Authors: Alan Agresti, Christine A. Franklin
3rd Edition
9780321849281, 321755944, 321849280, 978-0321755940
