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Cwds613 Cwds613
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2 months ago
How did households use the tax rebates in the 2001 Economic Growth and Tax Relief Reconciliation Act and what was the result on consumption?
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Macroeconomics

Macroeconomics


Edition: 3rd
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amieamie
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Households spent more of the rebates in the first few months after receiving it, approximately 20-40 percent of the rebates in the first 3 months. This tax policy raised short-run consumption.
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