Question: Hello, I've been working on this question for 2 hours and I just can't seem to get the right answer. I originally thought the answer

Hello, I've been working on this question for 2 hours and I just can't seem to get the right answer. I originally thought the answer was a. 30billion and b. 37.5 billion, but that was incorrect. Please help!

5.00 points Assume MPC = 0.80. If an initial fiscal restraint of $150 billion is desired, by how much must a. Government spending be reduced? billion b. Taxes be raised? + billion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Give feedback in this two articles Article 1 My name is Judith Lopez Medina and I will be finishing my major in Business Management this December. I have the privilege to say that I speak both...

MATHEMATICIANS RISE TO A CHALLENGE ne of the theorems we teach in eighth grade is a + b= *, where c is the length of the hypotenuse of a right triangle in Euclidean space, and a and b are the lengths...

Please read the question Question: What is the main points discussed and write a 1-2 paragraph summary on what is your opinion. Make sure to include a a brief description of replication and why it is...

6 | Consumer Choices Figure 6.1 Investment Choices Higher education is generally viewed as a good investment, if one can afford it, regardless of the state of the economy. (Credit: modification of...

Please read and answer the question from Act 1, then Act 2 and finally questions 1-3. So in total, it's 5 questions. Thank you. ACT 1 our employees, regardless of the position, to leam continuously...

Please respond to discussion board 4 & 5 question that is shown after the discussion board rubric/requirements. Please do not copy/paste from sources. Write in own words and cite where it came from....

3/30/16, 4:57 PM PRINTED BY: harvey2899@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission....

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

Steve Raucci Please Read Please Summarize and use theses in summary. How would you best describe Steves management style? What was the most surprising thing about the case? What would have done if...

Loeffel Company sells desks for $550 each. The variable cost per desk is $375. The companys monthly fixed costs are $75,000. Prepare a contribution margin income statement for a month in which the...

Exercise 6.1 Figure 6.2 describes numerous I/O devices in terms of their behavior, partner, and data rate. However, these classifi cations often do not provide a complete picture of data fl ow within...

Of the following, which is NOT a purpose of the enterprise resource planning system? a . Reduce costs b . Open source information c . Eliminate duplication d . Centralize data

1. This chapter reveals that a persons needs serve as motivators toward achieving challenging goals. Analyze what you believe drives persons like Phelps, Cox, and Armstrong to achieve these extremes.

1. If Ms. Perez displays the characteristics of the Director communication style, how should Eric conduct himself during the meeting? Be specific as you analyze those behaviors that would be admired...

Your personal relationships: Are you closely connected to your family? Who are your friends?