In the debate over the Tax Cuts and Job Act of 2018, Republicans argued that businesses needed

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In the debate over the Tax Cuts and Job Act of 2018, 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: 9781429237864

1st Edition

Authors: Betsey Stevenson, Justin Wolfers

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