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- -- II -- 28
economists agreed--that tax cuts and tax increases should be used
for stabilization purposes:
try to fight inflation.
tax cuts in
recession~
tax increases to
That's the basic theoretical analysis ·and
research relating past tax actions
- prices) below tbe _previouslyplanned
path over a period of 6 quarters following the truce~ and, ultimately, by $19
"billion at the. end of 10 quarters. If ther_e were no compensating fiscal
-monetary policy actions, the Nation could be threatened