Suppose that congress enacts a significant tax cut with the, Ask an Expert

Economics

Suppose that Congress enacts a significant tax cut with the expectation that this action will stimulate aggregate demand and push up real GDP in the short eun. In fact, however, neither real GDP nor the price level changes significantly as a result of tax cut. What might account for this outcome?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91857848

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