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What Is the Impact on Current Consumption of a Temporary

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What is the impact on current consumption of a temporary tax cut according to: a. the Keynesian consumption functi on?
b. the permanent-income hyp othesis?


Definitions:

Turtle Exclusion Devices

Devices used in fishing equipment to prevent sea turtles from getting caught in nets, thereby reducing turtle mortality in fisheries.

Long Lining

A commercial fishing technique that uses a long line, often kilometers in length, with baited hooks spaced at intervals to catch fish or other marine animals.

Cetaceans

A group of marine mammals that includes whales, dolphins, and porpoises, characterized by their fully aquatic lifestyle.

Nile Perch

A large freshwater fish native to African rivers, lakes, and reservoirs, known for its significant role in commercial fishing.

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