Question: Consider the following imaginary newspaper quote, the type that you often read when Congress passes a tax rebate during a recession: Many Americans report that
Consider the following imaginary newspaper quote, the type that you often read when Congress passes a tax rebate during a recession:
“Many Americans report that they will put the tax rebate straight into their savings accounts or use it to pay off credit cards that they maxed out during the recent economic boom.”
If Congress is trying to shift AD to the right, are these kinds of quotes good news or bad news from Congress’s point of view?
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