greenwolf183Lv1
15 Nov 2021
Problem 47
Page 741
Section: CRITICAL THINKING QUESTIONS
Chapter 30: Government Budgets and Fiscal Policy
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15 Nov 2021
Introduction
A temporary tax cut or increase in spending will last for a year or two before reverting to its previous level. For the foreseeable future, a permanent tax cut or expenditure rise is projected to remain in place. Temporary and permanent fiscal policies can have significantly different effects on aggregate demand.
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