Birdwatch Note Rating
2024-08-17 00:15:23 UTC - HELPFUL
Rated by Participant: 25DEE3F31452468CB94E70AECEA9CE59059D27195B5B62C2BE575DAD37478CFB
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
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