Question: Problem 12-11 (algo) Assume MPC = 0.95. If an initial fiscal restraint of $150 billion is desired, by how much must Instructions: In part

Problem 12-11 (algo) Assume MPC = 0.95. If an initial fiscal restraint

Problem 12-11 (algo) Assume MPC = 0.95. If an initial fiscal restraint of $150 billion is desired, by how much must Instructions: In part a, enter your response as a whole number. In part b, round your response to two decimal places. a. government spending be reduced? $: billion b. taxes be raised? $ 157.89 billion

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