Question: Need help with this question. Tax Rebate AD/AS Model: On a piece of notebook paper, please use the following scenario to answer the questions: The

Need help with this question.

Tax Rebate AD/AS Model: On a piece of notebook paper, please use the following scenario to answer the questions: The federal government provided the average American household a tax rebate of $600.00. As a result, each household bought $400.00 worth of goods and services and saved $100.00 in financial markets. Show all work. (equations) a. Please find personal income. b. Please find disposable income. c. Please calculate mpc and mps. d. Which is the appropriate multiplier for this example; E or NT ? Why? e. Calculate and describe the possible outcomes from such a rebate (math it, write it). Create an idealized AD/AS model starting with a recession gap and show the possible outcomes (graph it)

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