5) Under the most recent stimulus package issued by the US federal government, the full payments were $1,400 per person for single taxpayers earning less than $75,000 and for couples earning less than $150,000. Suppose we consider another version of the stimulus program - the full payment would be $3,000 per person for single taxpayers earning less than $35,000 and for couples earning less than $70,000. Relative to the most recent stimulus package, how would this revised stimulus program impact the share of stimulus immediately spent and not saved? Would either the original program or the revised program have a lasting impact on the equality of income distribution in the US?

5) Under the most recent stimulus package issued by the US federal government, the full payments were $1,400 per person for single taxpayers earning less than $75,000 and for couples earning less than $150,000. Suppose we consider another version of the stimulus program - the full payment would be $3,000 per person for single taxpayers earning less than $35,000 and for couples earning less than $70,000. Relative to the most recent stimulus package, how would this revised stimulus program impact the share of stimulus immediately spent and not saved? Would either the original program or the revised program have a lasting impact on the equality of income distribution in the US?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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