A lump sum tax cut gives taxpayers a one-time reduction. Why would such policy imply a greater change in money demand in Keynes's framework than Friedman's?

Name: A lump sum tax cut gives taxpayers a one-time reduction. Why would such policy imply a greater change in money demand in Keynes's framework than Friedman's?
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

The Answer of A lump sum tax cut gives taxpayers a one-time reduction. Why would such policy imply a greater change in money demand in Keynes's framework than Friedman's?

A Lump Sum Tax Cut Gives Taxpayers a One-Time Reduction