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    Tax rebates

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    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.

    Thanks again in advance for all your help.

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    Solution Preview

    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 ...

    Solution Summary

    Tax rebates are assessed.