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Under the current pandemic, many governments provide cash transfer to citizens. For example, the Hong Kong government provided $10,000 transfer to every adult citizen in

Under the current pandemic, many governments provide cash transfer to citizens. For example, the Hong Kong government provided $10,000 transfer to every adult citizen in July 2020 (and similarly in subsequent years). A student commented that it is not an expansionary fiscal policy because the government expenditure as in the national income accounting does not increase due to such a transfer. Do you agree to this comment? Explain your

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