Under what circumstances might the income multiplier be zero? More specifically, there were those who argued that the income multiplier was zero during the passage of the Gramm-Rudman-Hollings Deficit Reduction Act. What was their argument?

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The Answer of Under what circumstances might the income multiplier be zero? More specifically, there were those who argued that the income multiplier was zero during the passage of the Gramm-Rudman-Hollings Deficit Reduction Act. What was their argument?

Under What Circumstances Might the Income Multiplier Be Zero? More