It is proposed that Congress pass a fiscal stimulus package that includes tax rebates for individuals. Is this Keynesian or Monetarist policy? Do you think tax rebates would stimulate the economy? Please explain.
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Tax rebates are a part of the government policy and hence a part of fiscal action. Fiscal actions are proposed by Keynesian theory: governments should increase spending or reduce taxes or do both during recessions, while they should reduce spending or increase taxes or do both during ...
Tax rebates are assessed.