If taxes were cut by 15 trillion and the mpc was 085 by how, Ask an Expert

Economics

If taxes were cut by $1.5 trillion and the MPC was 0.85, by how much would total spending (round to 2 decimal places)

a) Increase in the first year, with two spending cycles? ____ trillion

b) Increase over five years, with two spending cycles per year? _____ trillion

c) Increase over an infinite time period? _____ trillion

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91385845

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