According to economic studies the 2001 tax rebates under


According to economic studies, the 2001 tax rebates under the presidency of G. W. Bush did not increase aggregate demand because:
Answer

the tax rebates were not large enough to have a significant impact on aggregate demand.

consumers saved, instead of spending, the rebates.

the Republican-controlled Congress rolled back the tax rebates the following year.

the cost of the war in Iraq required an immediate increase in taxes.

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