In 2008, the Government Under the Bush Administration Implemented a Tax

question 183

Essay

In 2008, the government under the Bush administration implemented a tax cut in the form of a one-time tax rebate. That tax cut had only a small impact on personal consumption expenditure and real GDP. Explain.

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Definitions:

Wilhelm Wundt

A German physiologist and psychologist who is recognized as the founder of experimental psychology and the first person to call himself a psychologist.

American Psychological Association

The largest scientific and professional organization of psychologists in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health, education, and human welfare.

Mary Whiton Calkins

Mary Whiton Calkins was a pioneering American psychologist and philosopher, known for being the first female president of the American Psychological Association.

Positive Reinforcement

A technique in behavior modification that involves rewarding a desired behavior to increase the likelihood of its recurrence.