If taxes were cut by $1 trillion and the MPC was 0.75, by how much would total
Question:
1. Increase in the first year with two spending cycles per year?
2. Increase over three years, with two spending cycles per year?
3. Increase over an infinite time period per year?
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1 131 trillion 2 247 trillion 3 3 trillion Explanation The tax cut of 1 trillion will generate a 131 ...View the full answer
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