Question: QUESTION 3 10 points Suvere The table shown below records the marginal propensity to consume (MPC) at 5 different Income ranges in a hypothetical economy.
QUESTION 3 10 points Suvere The table shown below records the marginal propensity to consume (MPC) at 5 different Income ranges in a hypothetical economy. If the government needed to end a recession, which groups should it target as it decides on a proposal to cut personal income taxes? Explain using a discussion of the multiplier. Income range ($'s) 0-20,000 20.001-40,000 40,001-60,000 60,001-80,000 80,001-100,000 MPC 0.9 0.8 0.7 0.6 0.5
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