In 2008,the Bush administration issued tax rebate checks to taxpayers totaling $78 billion.The majority of households spent a larger percentage of these checks than they saved,thus leading to a big boost in overall growth in spending and output.

Question

Quizplus · Accepted Answer

The majority of households saved or used the tax rebate checks to pay down debt rather than spending them, which limited the boost to overall growth in spending and output.

In 2008,the Bush Administration Issued Tax Rebate Checks to Taxpayers