Tax Cuts and Economic Revival

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Essay #: 069447
Total text length is 8,370 characters (approximately 5.8 pages).

Excerpts from the Paper

The beginning:
Tax Cuts and Economic Revival
This paper examines how tax cuts can help revive the economy according to prevailing economic theories. It will consider Keynesian and Classical economic perspectives, including the relationships of tax cuts with fiscal policy, aggregate demand, and tax multiplier effects.
Tax Cuts and Keynesianism
According to Riley, Keynesians believe that when an economy is operating well below its full capability a fiscal policy can have large, lasting effects on aggregate demand, employment and output ADDIN ZOTERO_ITEM {"citationID":"27htlbn5bu","citationItems":[{"suppress-author":true,"uri":["http://zotero.org/users/10790/items/QVT2R4MB"]}]} (2006). Van
der
Ploeg
states that, according to the Keynesian perspective,...
The end:
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O’Boyle, E. J. (2008, September 15). When a tax cut is not a tax cut. Personally Speaking, (Special Issue). Retrieved from http://www.mayoresearch.org/files/TAX%20CUTS.pdf
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Riley, G. (2006, September). Macroeconomics - Fiscal policy effects. Retrieved from http://tutor2u.net/economics/revision-notes/a2-macro-fiscal-policy-effects.html