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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