A Tax Cut Has a Greater Effect on AD Than

question 3

True/False

A tax cut has a greater effect on AD than an equivalent increase in government spending.

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Definitions:

Relearns

The process of learning information or skills again, which were previously acquired and then forgotten or unpracticed.

Recognition

The ability to identify previously encountered information, stimuli, or events.

Savings

The allocation of money that is not spent on consumption in order to be used for future expenses or investments.

Relearn

The process of learning material or skills that one had learned previously but has forgotten or lost proficiency in.