Birdwatch Note Rating
2024-08-17 04:20:38 UTC - HELPFUL
Rated by Participant: 3ED91D3BE9246458E0DBEE12564461F77208CAA798CE81D64E6BA46D7739B34F
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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