In the debate over the Tax Cuts and Jobs Act of 2017, Republicans argued that businesses needed

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In the debate over the Tax Cuts and Jobs Act of 2017, Republicans argued that businesses needed an incentive to invest more in physical capital in order for the United States to see much faster economic growth. In a rich country like the United States, why is investing in physical capital both important and yet unlikely to lead to a large increase in economic growth?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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