According to the News on page 234, how much of a cumulative impact on spending could be
Question:
According to the News on page 234, how much of a cumulative impact on spending could be expected from President Obama’s
(a) Increase in government spending?
(b) Tax cuts?
Assume an MPC of 0.8. (Please note the economic stimulus bill was $787 billion with $281 billion in new tax cuts)
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a 2530 billion b 1124 billion Feedback a 2530 billion Initia...View the full answer
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Related Book For 
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
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