The multiplier process depicted in the following table is based on an MPC of 0.75 a. Recompute the first four cycles using an MPC of 0.80 MPC - 0.75 MPC - 0.80 Change in Cumulative Change in Cumulative Spending Spending during Increase in Spending during Increase in Cycles Cycle Spending Cycle Spending Billions per year) (Billions per year) (Billions per year) (Billions per year) $100.00 $100.00 100 100.00 75.00 175.00 80.00 5 180.00 56.25 231.25 64.00 5 244.00 42.18 273.44 51.20 $ 295.20 Instructions: Round your response to two decimal places. b. Given that the MPC is higher, how much more X consumption occurs in the first four cycles when the 77.97 billion MPC = 0.80 compared to when the MPC = 0.75? c. What is the value of the multiplier (1) if the MPC = 0.75? 4.00 search