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Tax Cuts caused NEGATIVE BUSINESS INVESTMENT!!! INFLATION increased Personal Consumption Expense.
"The increase in real GDP in the second quarter reflected positive contributions from personalconsumption expenditures (PCE), exports, nonresidential fixed investment, federal governmenttspending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment."
"The increase in real GDP in the second quarter reflected positive contributions from personalconsumption expenditures (PCE), exports, nonresidential fixed investment, federal governmenttspending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment."