If taxes were cut by 1 trillion and the mpc was 075 by how, Ask an Expert

Economics

If taxes were cut by $1 trillion and the MPC was 0.75, by how much would total spending (a) Increase in the first year with two spending cycles? (b) Increase over five years, with two spending cycles per year? (c) Increase over an infinite time period?

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Business Economics, Economics

Category:- Business Economics
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