Birdwatch Archive

Birdwatch Note Rating

2024-08-18 01:05:42 UTC - NOT_HELPFUL

Rated by Participant: 0EAF7B3EACB1ADA640C9138D1431F7BCB63CC0D314EDE1BCFC15792389B67D61
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Original Note:

NNN: Proposed CN repeats HarrisHQ's proposal but misses the economic implications: 1. $25k => prices go up due to elasticity. 2. 3mm new houses /tax credits/ Spending $40mn: Reduced tax revenue, increased spending => Deficit => Inflation => Higher prices https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Microeconomics_3e_(OpenStax)/06%3A_Consumer_Choices/6.03%3A_How_Changes_in_Income_and_Prices_Affect_Consumption_Choices

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