Ib economic extended essay

As recent history makes clear, backloaded tax cuts delay the impact on aggregate demand and mute efforts to fight recessions. And tax cuts that neglect the individuals most likely to spend extra income do not work well when the goal is to combat a recession. A large share of any stimulus should be focused on low- and moderate-income families. To this end, a plan along the lines of the recently proposed “prosperity dividend” -a proposal to issue each taxpayer a one-time rebate of around $500 drawn from the federal budget surpluses-would raise aggregate demand and have the best chance of heading off any imminent

Ib economic extended essay

ib economic extended essay

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