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Use either the RicardianEquivalence Theorem or the Permanent Income Hypothesis to discusswhy tax rebates may have no effects on aggregate demand.Choose one. Please state first

Use either the RicardianEquivalence Theorem or the Permanent Income Hypothesis to discusswhy tax rebates may have no effects on aggregate demand.Choose one.

Please state first what is theRicardian Equivalence or what is Permanent Income Hypothesis.Then explainwhy tax rebates may have no effects on aggregate demand.

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