Birdwatch Note Rating
2024-08-16 22:29:01 UTC - HELPFUL
Rated by Participant: 21587FCE5A24744C0F1DEDE349CF89F5DDD6CA746ACE3F72B64D0C3AFD51D1F1
Participant Details
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
All Note Details